Suburb Profile Report for Albion QLD (4010)

Albion House: Median price $763,000, Annual capital growth 3.18%, Number of sales 23, Weekly median advertised rent $545

Albion Unit: Median price $445,000, Annual capital growth 3.24%, Number of sales 91, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Albion, 4010 have given investors a capital gain of 0.26%. This compares badly with the 2.47% for QLD as a whole.

Across a shorter period, Albion, 4010 has seen a median price increase of 0.26% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Albion, 4010. Typically our figures indicate that -10.13% is being offered, which puts this QLD suburb at 277th most discounted overall in Australia.

At number 2399 in a list of fastest selling suburbs, Albion is in the bottom 40% of suburbs in Australia with an average of days on market 84.16 for properties listed there.

Situated 4.17km from the CBD, Albion is one of Brisbane localities in the postcode 4010.

QLD has seen average median house prices change by 0.74% which means that Albion, 4010 has done well for property investors by showing a capital gain of -9.18% over the last year

If we look at median property appreciation over just the last three months, Albion has given property investors a paper return of -5.12%. This puts Suburb as 320 on a list of fastest fasting appreciating suburbs in QLD

Vendor discounting in Albion is giving property investors an average Vendor Discount of around -5.44%. This puts suburb at number 175th in QLD when ranking the most discounted suburbs.

Residents and property investors in Albion have been waiting around 75.87 days to sell a property.

With the median price for a house in Albion being $445000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.67%

Metrics i HOUSE UNIT
$763,000 $445,000
0.26% -5.12%
0.26% -9.18%
3.18% 3.24%
$545 $400
23 91
3.71% 4.67%
84.16 75.87

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 1986
Median household income ($/weekly) 1493
Median age of persons 33
Median housing loan repayment ($/monthly) 2104
Average household size 2
  • Census Count Percent(%)
    20-24 years 230 11.6
    25-34 years 519 26.1
    35-44 years 314 15.8
    45-54 years 249 12.5
    55-64 years 143 7.2
    Others 531 26.7
    Age Group
    Census Count Percent(%)
    Not Married 934 58.1
    Registered Married 460 28.6
    Defacto Relationship 214 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1345 71.2
    Indonesia 58 3.1
    Papua New Guinea 88 4.7
    United Kingdom 79 4.2
    Other 123 6.5
    Others 196 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 2.6
    Christianity 1102 61.8
    Hinduism 44 2.5
    Islam 32 1.8
    No Religion 535 30.0
    Others 24 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 69 8.2
    $1,000-$1,249 72 8.6
    $1,500-$1,999 126 15.0
    $2,000-$2,499 87 10.4
    $2,500-$2,999 96 11.5
    Others 388 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 833 49.0
    Not in the labour force 424 24.9
    Employed, worked part-time 311 18.3
    Employed, away from work 71 4.2
    Unemployed, looking for work 61 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 147 12.1
    Professionals 366 30.2
    Technicians & trades workers 148 12.2
    Community & personal service workers 107 8.8
    Clerical & administrative workers 186 15.3
    Others 258 21.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 83 20.2
    Secondary 60 14.6
    Technical or Further Educational Institution 83 20.2
    University or other Tertiary Institutions 142 34.5
    Other type of educational institution 34 8.3
    Others 9 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 995 54.1
    Flat, unit or apartment 690 37.5
    Semi-detached, row or terrace house, townhouse 135 7.3
    House or flat attached to a shop, office 20 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 431 48.4
    Being purchased 239 26.8
    Fully owned 195 21.9
    Other tenure type 26 2.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals