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Albert Park Property Investment Overview

Suburb research data for Albert Park, VIC 3206 — median prices, rental yield and suburb signals. General information only.

Government Public Data Price 2025 Rent 2021
Median House Price
$2,046,000
2025 data · estimate
Gross Rental Yield
1.5%
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Weekly Rent
$590
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Renter Demand
50%
of residents rent
Vacancy Rate
1.3%
Low — tight market
Population
6,044
Suburb residents
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📍 Suburb Overview

State VIC
Postcode 3206
Median house price $2,046,000
Median unit price —
Weekly rent (median) $590/wk (unlock cashflow model)
Gross yield 1.5% (unlock risk & score)
Renter % 50.0%
Vacancy rate 1.34%
Population 6,044
Median household income $131,716/yr
Owner-occupied 50.0%
Median age 46 yrs
Total dwellings 1,855

🛡️ Safety & Crime

Reported crime level Higher reported crime
Incidents / 1,000 residents 92

Albert Park shows above-average reported crime compared with other VIC suburbs, based on 2024 state police data.

Source: VIC police / crime statistics. Reported offences vary by category and reporting practices — check current local figures before deciding.

Investment Signals

Confidence: High High

Multiple core metrics are available, including price, rent/yield and population or demand indicators.

Last updated: 2025 · Public suburb-level data coverage varies by location and source. Verify current figures before making property decisions.

✅ Low vacancy (1.3%) — tight rental market
⚠️ Price is an estimate — limited recent transaction data available
⚠️ Rent data is from 2021 — may not reflect current market
⚠️ Higher reported crime (92 incidents/1,000 residents) — VIC reported data 2024
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Price History

Source: VIC_DTPLI_Quarterly. Suburb-level medians — not individual sale prices.

🏫 Schools

Schools in suburb 3
Primary 2
Secondary 1
Schools in Albert Park
Albert Park Primary School Primary · Government
South Melbourne Park Primary School Primary · Government
Albert Park College Secondary · Government
School locations from state education departments / ACARA. List reflects schools located within the suburb.

🔄 Compare & Explore

Similar suburbs in VIC by price range, ranked by yield:

Beaumaris, VIC
2.2% yield
$1,455,000
Park Orchards, VIC
2.2% yield
$1,450,000
Waterways, VIC
2.2% yield
$1,445,000
Waterways, VIC
2.2% yield
$1,489,000
Lysterfield South, VIC
2.1% yield
$1,618,000
Park Orchards, VIC
2.1% yield
$1,480,000
Compare with nearby Open comparison →
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💰 Cashflow Snapshot

80% LVR · 6.2% interest · indicative only — not financial advice
Purchase price $2,046,000
Deposit (20%) $409,200
Loan (80% LVR) $1,636,800
Weekly rent $590/wk
Annual rent income $30,680/yr
Est. annual interest -$••,•••
Mgmt fees + costs -$•,•••
Est. net cashflow +/- $••,•••/yr
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❓ Frequently Asked Questions

Is Albert Park a good suburb to invest in?

Albert Park has an average renter proportion and a low vacancy rate, suggesting tight rental demand. Use this data as a research signal only. Always conduct property-level due diligence and seek independent professional advice before making any investment decision.

What is the median house price in Albert Park?

The median house price in Albert Park is approximately $2,046,000 based on 2025 public data (estimate — limited transaction evidence available).

What is the rental yield in Albert Park?

The indicative gross rental yield in Albert Park is 1.5%, based on a median weekly rent of $590 against a median price of $2,046,000. This is general data only — actual yields vary by property, condition and market timing.

How does Albert Park compare to other suburbs?

Use the suburb comparison tool to compare Albert Park against other Australian suburbs by price, yield, vacancy and renter demand.

Is Albert Park a safe suburb?

Albert Park shows above-average reported crime compared with other suburbs in VIC, based on 2024 state police data. The reported crime rate is about 92 incidents per 1,000 residents. Always check current local crime statistics before deciding.

What schools are in Albert Park?

Albert Park has 3 known schools, including Albert Park Primary School, South Melbourne Park Primary School, Albert Park College. Catchments and enrolment policies change — confirm directly with each school.

Where does PropertyScoutAU get its suburb data?

PropertyScoutAU uses public and government datasets where available, including price, demographic and rental indicators. Coverage varies by suburb and some fields may be estimated or unavailable. See our data sources page for full details.

General information only. PropertyScoutAU provides suburb-level research data from government public sources. All figures are indicative medians and may not reflect current market conditions or individual property values. This is not financial, investment, legal or tax advice. Always verify independently and consult qualified professionals before making any property decision. About our data →