Suburb Profile Report for St Albans VIC (3021)

St Albans House: Median price $598,500, Annual capital growth 6.71%, Number of sales 321, Weekly median advertised rent $360

St Albans Unit: Median price $443,250, Annual capital growth 5.31%, Number of sales 124, Weekly median advertised rent $350

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

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

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With a capital gain of -0.25% for the last 12 months, St Albans, 3021 has performed for property investments than its average annual 6.71% property growth over the last 5 years.

Across a shorter period, St Albans, 3021 has seen a median price increase of 1.96% over the last quarter.

St Albans, 3021 is offering VIC ‘s 141th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

Renters in Suburb are facing rents around $18720 per annum or $360 every week.

VIC has seen average median house prices change by 7.35% which means that St Albans, 3021 has done well for property investors by showing a capital gain of 3.99% over the last year

Across a shorter period, St Albans, 3021 has seen a median price increase of 1.66% over the last quarter.

Our latest figures would indicate that property sellers in St Albans are currently offering property investors an average price cut of -7.03% below the asking price at the moment.

At number 668 in a list of fastest selling suburbs, St Albans is just in the top half of suburbs in Australia with an average of days on market 76.4691 for properties listed there.

Information supplied by:


June 2018

M
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W
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Developing suburb boasts housing growth

Postcode: 3021

Median house price: $622,000

Three-year growth: 68.1%

Rental yield: 2.9%

A significant performer in the Melbourne housing market, St Albans is a suburb with great potential.

St Albans has recorded consistent price increases since 2013 – the demand is supported by the many amenities in the suburb and the infrastructure upgrades that have boosted its appeal to owner-occupiers and investors, reports Cedar Woods Properties.

“St Albans has flown under the radar for a long time, and it is only now being noticed as one of Melbourne’s up and coming suburbs,” says Cedar Woods COO Patrick Archer.

Victoria University and Sunshine Hospital are located here, along with several other schools and parks. It is served by three railway stations, and is intended for development into an employment precinct according to Plan Melbourne.

Metrics i HOUSE UNIT
$598,500 $443,250
1.96% 1.66%
-0.25% 3.99%
6.71% 5.31%
$360 $350
321 124
3.13% 4.11%
85.5321637426901 76.4691358024691

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 35091
Median household income ($/weekly) 865
Median age of persons 36
Median housing loan repayment ($/monthly) 1400
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 3950 11.3
    25-34 years 5952 17.0
    35-44 years 4618 13.2
    45-54 years 4172 11.9
    55-64 years 4084 11.6
    Others 12315 35.1
    Age Group
    Census Count Percent(%)
    Not Married 13275 50.1
    Registered Married 12194 46.0
    Defacto Relationship 1023 3.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 12159 38.0
    Indonesia 2206 6.9
    Netherlands 1474 4.6
    Viet Nam 5498 17.2
    Other 3231 10.1
    Others 7452 23.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 6056 19.2
    Christianity 18112 57.3
    Islam 1840 5.8
    Other Religious Groups 1335 4.2
    No Religion 3346 10.6
    Others 922 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1412 14.0
    $600-$799 1284 12.8
    $800-$999 1047 10.4
    $1,000-$1,249 1078 10.7
    $1,500-$1,999 1082 10.8
    Others 4147 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 12651 48.2
    Employed, worked full-time 7305 27.8
    Employed, worked part-time 3788 14.4
    Unemployed, looking for work 1521 5.8
    Employed, away from work 974 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1296 10.7
    Technicians & trades workers 1877 15.6
    Clerical & administrative workers 1477 12.2
    Machinery operators & drivers 1720 14.3
    Labourers 2284 18.9
    Others 3415 28.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 2160 28.8
    Secondary 1998 26.6
    Technical or Further Educational Institution 924 12.3
    University or other Tertiary Institutions 1359 18.1
    Other type of educational institution 663 8.8
    Others 403 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 27708 84.8
    Semi-detached, row or terrace house, townhouse 1480 4.5
    Flat, unit or apartment 3470 10.6
    Caravan, cabin, houseboat 7 0.0
    House or flat attached to a shop, office 23 0.1
    Others 5 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 4438 40.7
    Rented 3380 31.0
    Being purchased 3024 27.7
    Other tenure type 57 0.5
    Tenure Type
Census 2011, ABS
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