Suburb Profile Report for Albert Park SA (5014)

Albert Park House: Median price $429,000, Annual capital growth 1.31%, Number of sales 30, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report

Property value increases in Albert Park have tracked close to the SA average of 1.50% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Albert Park has increased when compared to the 5 year average annual rate.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.61% offered to property buyers. Sellers in Albert Park itself are offering an average vendor discount of -5.43% to real estate investors.

On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.

Advertised rents are around the $360 mark per week – giving a return of 4.36% based on the median price in Suburb

Metrics i HOUSE UNIT
$429,000 N/A
-1.38% N/A
1.90% N/A
1.31% N/A
$360 N/A
30 N/A
4.36% N/A
42.95 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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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
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