Suburb Profile Report for Albion QLD (4010)

Albion House: Median price $737,250, Annual capital growth 2.62%, Number of sales 26, Weekly median advertised rent $550

Albion Unit: Median price $387,500, Annual capital growth 1.49%, Number of sales 42, Weekly median advertised rent $400

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Albion has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.37% to date .

A 8.58% growth in median value for property investors in Albion,4010 puts this suburb at number 851th in terms of best performing suburbs in QLD

In the last year 26 properties changed hands in Albion, which puts it as the 611th most active market in QLD when comparing the number of sales per suburb.

Albion is 632th on a list of best yielding suburbs for rents in QLD with a 3.88% return

Albion, 4010 ranked 292th in QLD when comparing growth in median property values or capital gain over the last 12 months. Albion is one of 2415 in our list for QLD

Taking the average capital gain, or increase in median house value, Albion,4010 has racked up an average of -10.92% over the period. This ranks it number 1333th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Albion is offering property investors an average of -6.32. This rate of discount on properties puts Suburb at number 5th in terms of most discounted suburbs in QLD

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 1.49%, investors should hope to achieve an overall return of 5.37%

Metrics i HOUSE UNIT
$737,250 $387,500
-7.26% -1.90%
-1.37% -10.92%
2.62% 1.49%
$550 $400
26 42
3.88% 5.37%
32.1333333333333 114.115384615385

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Below average (U)
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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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