Suburb Profile Report for Albert Park SA (5014)

Albert Park House: Median price $455,000, Annual capital growth 2.12%, Number of sales 29, Weekly median advertised rent $365

  • 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.

  • House Report

Albert Park has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 4.84% to date .

Taking the average capital gain, or increase in median house value, Albert Park,5014 has racked up an average of 4.84% over the period. This ranks it number 2777th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Albert Park should be aiming for at least -6.86% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Albert Park being $455000 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 4.17%

Metrics i HOUSE UNIT
$455,000 N/A
2.02% N/A
4.84% N/A
2.12% N/A
$365 N/A
29 N/A
4.17% N/A
48.1875 N/A

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.

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Albert Park SA
Demographics
Total population 1475
Median household income ($/weekly) 977
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 196 13.3
    25-34 years 180 12.2
    35-44 years 210 14.2
    45-54 years 240 16.3
    55-64 years 151 10.2
    Others 498 33.8
    Age Group
    Census Count Percent(%)
    Not Married 554 49.8
    Registered Married 444 39.9
    Defacto Relationship 115 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1106 78.8
    Japan 41 2.9
    United Kingdom 43 3.1
    Viet Nam 22 1.6
    Other 49 3.5
    Others 143 10.2
    Country of Birth
    Census Count Percent(%)
    Christianity 929 69.0
    No Religion 350 26.0
    Buddhism 48 3.6
    Other Religious Groups 12 0.9
    Hinduism 7 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 73 13.4
    $400-$599 56 10.3
    $600-$799 54 9.9
    $1,000-$1,249 54 9.9
    $2,000-$2,499 58 10.6
    Others 251 46.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 412 36.3
    Employed, worked full-time 410 36.1
    Employed, worked part-time 225 19.8
    Employed, away from work 44 3.9
    Unemployed, looking for work 44 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 80 11.9
    Technicians & trades workers 117 17.3
    Community & personal service workers 78 11.6
    Clerical & administrative workers 129 19.1
    Labourers 74 11.0
    Others 197 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 24 7.2
    Infants/Primary 147 44.3
    Secondary 79 23.8
    Technical or Further Educational Institution 26 7.8
    University or other Tertiary Institutions 42 12.7
    Others 14 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1289 89.8
    Flat, unit or apartment 96 6.7
    Semi-detached, row or terrace house, townhouse 51 3.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 219 37.9
    Rented 182 31.5
    Fully owned 177 30.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table