Suburb Profile Report for Albion QLD (4010)

Albion House: Median price $808,500, Annual capital growth 3.95%, Number of sales 25, Weekly median advertised rent $525

Albion Unit: Median price $369,800, Annual capital growth -0.08%, Number of sales 35, Weekly median advertised rent $410

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Over the last year, property investments in Albion, 4010 have given investors a capital gain of 5.14%. This compares favourably with the 0.14% for QLD as a whole.

While Albion,4010 ranked number 374th in QLD for increase in median house value (annualised) increase, it is ranked 147th over the last 5 years.

Albion, 4010’s gross rental yield is 3.38%

With a capital gain of -11.43% for the last 12 months, Albion, 4010 has performed for property investments than its average annual -0.08% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Albion,4010 has racked up an average of -11.43% over the period. This ranks it number 1396th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Albion is giving property investors an average Vendor Discount of around -9.55%. This puts suburb at number 16th in QLD when ranking the most discounted suburbs.

Property investors should expect to get $410 weekly from the median priced house in this suburb.

Metrics	HOUSE	UNIT
Median price	$808,500	$369,800
Quarterly growth	0.00%	-3.95%
12-month growth	5.14%	-11.43%
Average Annual Growth	3.95%	-0.08%
Weekly median advertised rent	$525	$410
Number of sales	25	35
Gross rental yield	3.38%	5.77%
Days on market	30.1764705882353	118.15

DSR Score for property investment : Above average (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