City of Port Phillip
Albert Park Property Market
& Suburb Profile
MEDIAN PRICES IN ALBERT PARK
Median house price
(all agencies, last 12 months)$2.4m*House price change
(all agencies, last 12 months)+2.14%Median unit price
(all agencies, last 12 months)$755k*Unit price change
(all agencies, last 12 months)-18.38%(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)
ALBERT PARK price TRACKER
Albert Park sales overview
- Sold by Auction 75%
- Sold by Private Sale or Other Method 25%
- (Based on Sales Reported in the Last 12 Months)
Average days on market (houses)
(all agencies, 12 months)25Average days on market (units)
(all agencies, 12 months)43Auction clearance rate in Albert Park
(all agencies, last 12 months)75%Average held period in Albert Park
(proptrack)13 yearsAlbert Park Investor Statistics
Median rental price for Houses
(all agencies, last 12 months)$1,155pwHouse rental price change
(all agencies, last 12 months)0.04%Median rental price for Units
(all agencies, last 12 months)$685pwUnit rental price change
(all agencies, last 12 months)0.02%Average rental yield for Houses
(all agencies, last 12 months)2.35%Average rental yield for Units
(all agencies, last 12 months)5.16%Albert Park total population size
(as at the last census)6,044Median household size in Albert Park
(as at the last census)2.2(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)
Albert Park property types
- Houses 56%
- Units 10%
- Other 34%
OCCUPANCY in Albert Park
- Owned 61%
- Rented 37%
- Other/Not Stated 2%
- Singles 33%
- Families 64%
- Other 3%
About Albert Park
Education
Albert Park MARKET INSIGHTS
| Year | Sold | Median Sale Price (All Residential) | Sales Growth YoY |
|---|---|---|---|
| 2025 | 157 | $1,572,500 | +2.13% |
| 2024 | 148 | $1,587,250 | +2.19% |
| 2023 | 105 | $1,495,000 | -8.50% |
| 2022 | 135 | $1,657,500 | +7.76% |
| 2021 | 180 | $1,577,500 | +24.66% |
| Year | Leased | Median Rental Price (All Residential) | Rental Yield |
|---|---|---|---|
| 2025 | 160 | $920pw | 3.75% |
| 2024 | 238 | $901pw | 3.74% |
| 2023 | 230 | $866pw | 3.45% |
| 2022 | 270 | $820pw | 3.17% |
| 2021 | 308 | $678pw | 2.48% |
PROUDLY SERVICING Albert Park
Barry Plant
Docklands
- Our other local offices include:
- Yarra's Edge
*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).
The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.