Suburb Profile Report for Albion QLD (4010)

Albion House: Median price $775,000, Annual capital growth 2.99%, Number of sales 29, Weekly median advertised rent $540

Albion Unit: Median price $445,000, Annual capital growth 2.91%, Number of sales 83, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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QLD has seen average median house prices change by 2.19% which means that Albion, 4010 has done well for property investors by showing a capital gain of 2.04% 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 0.78%. This puts Suburb as 358 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Albion are currently offering property investors an average price cut of -11.08% below the asking price at the moment.

Property investors should expect to get $540 weekly from the median priced house in this suburb.

At number 1544th in the list of Australian suburbs ordered by increase in median house value over the last year, Albion, 4010 is in the BOTTOM 20% with a property value increase of -10.10% recorded in median house prices.

The five-year average increase in median property values for Albion,4010 has given property investors a potential capital gain of -19.09% across each of those five years.

Property buyers and investors in Albion 4010 should be seeing an average reduction in asking price of around -7.97% . This means that Albion is holding prices well when compared to other suburbs in QLD.

Metrics i HOUSE UNIT
$775,000 $445,000
0.78% 0.00%
2.04% -10.10%
2.99% 2.91%
$540 $400
29 83
3.62% 4.67%
71.58 116.2

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (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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