Market snapshot
Suburb insights for Albert Park3206
Change suburbAlbert Park is located 3 km south of the CBD. Located on Port Phillip Bay in Melbourne's inner south Albert Park is a primarily residential suburb with large tracts of parkland and recreation areas. Albert Park features a large number of renters and small (one and two person) households. The suburb features the Australian Formula 1 Grand Prix circuit and the Melbourne Sports and Aquatic Centre.
Sales data
Median sale price
$2.3mil
Quarterly price change
-7.2%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $1,450,000 | $888,000 |
| 3 | $2,320,000 | $807,000 |
| 4 | $3,200,000 | $950,000 |
| Insight | Albert Park | Metro comparison |
|---|---|---|
| Clearance rate | 77.8% | 72.6% |
| Days on market | 34 | 43 |
Rental data
Median weekly rent
$895
Rental yield
2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Albert Park | Metro comparison |
|---|---|---|
| 2 | $775 | $575 |
| 3 | $1,200 | $550 |
| 4 | - | $600 |
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