Suburb Profile Report for St Albans VIC (3021)

St Albans House: Median price $615,250, Annual capital growth 8.69%, Number of sales 347, Weekly median advertised rent $350

St Albans Unit: Median price $430,000, Annual capital growth 7.23%, Number of sales 112, Weekly median advertised rent $340

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

If you compare the increase in value of investment property in St Albans, 3021 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.36%.

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

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in St Albans itself are offering an average vendor discount of -8.24% to real estate investors.

On average over the past year, suburb has had 28.92 sales per month, which equates to 347 per year.

St Albans, 3021 ranked 22th in VIC when comparing growth in median property values or capital gain over the last 12 months. St Albans is one of 2099 in our list for VIC

Comparing St Albans,3021 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in St Albans 3021 should be seeing an average reduction in asking price of around -7.09% . This means that St Albans is holding prices well when compared to other suburbs in VIC.

St Albans, 3021’s gross rental yield is 4.11%

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June 2018

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

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.

Close
Metrics i HOUSE UNIT
$615,250 $430,000
-0.77% 0.35%
1.36% 19.44%
8.69% 7.23%
$350 $340
347 112
2.96% 4.11%
57.19 51.33

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 : 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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