Suburb Profile Report for St Albans Park VIC (3219)

St Albans Park House: Median price $380,000, Annual capital growth 4.44%, Number of sales 71, Weekly median advertised rent $350

St Albans Park Unit: Median price $281,500, Annual capital growth 2.72%, Number of sales 16, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 724th in the list of Australian suburbs ordered by increase in median house value over the last year, St Albans Park, 3219 is in the top 20% with a property value increase of 14.80% recorded in median house prices.

If we look at median property appreciation over just the last three months, St Albans Park has given property investors a paper return of 0.53%. This puts Suburb as 447 on a list of fastest fasting appreciating suburbs in VIC

The most recent median price for St Albans Park is $380000, with sellers offering an average of -4.13% off the asking price.

Property value increases in St Albans Park have tracked close to the VIC average of 8.36% 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 St Albans Park has increased when compared to the 5 year average annual rate.

Property buyers and investors in St Albans Park 3219 should be seeing an average reduction in asking price of around -6.59% . This means that St Albans Park is holding prices well when compared to other suburbs in VIC.

At number 890 in a list of fastest selling suburbs, St Albans Park is in the bottom 40% of suburbs in Australia with an average of days on market 78.9 for properties listed there.

Advertised rents are around the $285 mark per week – giving a return of 5.26% based on the median price in Suburb

Metrics i HOUSE UNIT
$380,000 $281,500
0.53% 8.27%
14.80% 8.27%
4.44% 2.72%
$350 $285
71 16
4.79% 5.26%
38.52 78.9

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 4924
Median household income ($/weekly) 1064
Median age of persons 39
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 619 12.6
    25-34 years 613 12.4
    35-44 years 691 14.0
    45-54 years 681 13.8
    55-64 years 549 11.1
    Others 1772 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 1820 49.6
    Not Married 1485 40.4
    Defacto Relationship 367 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4194 89.2
    Japan 32 0.7
    New Zealand 38 0.8
    United Kingdom 219 4.7
    Other 57 1.2
    Others 162 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.6
    Christianity 3206 71.0
    Islam 9 0.2
    Other Religious Groups 13 0.3
    No Religion 1251 27.7
    Others 7 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 217 12.9
    $600-$799 185 11.0
    $1,000-$1,249 176 10.4
    $1,500-$1,999 242 14.4
    $2,000-$2,499 170 10.1
    Others 696 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1481 39.0
    Not in the labour force 1314 34.6
    Employed, worked part-time 743 19.5
    Employed, away from work 158 4.2
    Unemployed, looking for work 105 2.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 459 19.3
    Community & personal service workers 286 12.0
    Clerical & administrative workers 305 12.8
    Sales 283 11.9
    Labourers 307 12.9
    Others 739 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 79 7.6
    Infants/Primary 393 37.9
    Secondary 307 29.6
    Technical or Further Educational Institution 119 11.5
    University or other Tertiary Institutions 101 9.7
    Others 37 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4224 90.4
    Flat, unit or apartment 259 5.5
    Semi-detached, row or terrace house, townhouse 188 4.0
    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 863 47.1
    Fully owned 534 29.1
    Rented 355 19.4
    Other tenure type 80 4.4
    Tenure Type
Census 2011, ABS
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