Suburb Profile

Suburb profile for,

Albanvale, VIC 3021

About Albanvale

Albanvale (3021) is a suburb in Victoria that continues to attract attention from both homeowners and investors.

Demographics and Community

Albanvale has a population of approximately 5,494, a median age of 36, a median weekly household income of $1,125.

Property Market Overview

The current median house price in Albanvale is $600,000. Average annual growth is -2.1%.

Properties in Albanvale spend an average of 43 days on market.

Rental Market

The median weekly rent for houses in Albanvale is $380. Gross rental yield is 3.10%, which is typical for a growth-oriented market.

Nearby Suburbs

Explore other suburb profiles in the area: St Albans, VIC, Albion, VIC, Ardeer, VIC, Sunshine North, VIC, Sunshine West, VIC.

Considering Albanvale for Investment?

Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Albanvale or need help identifying the right suburb for your strategy, get in touch with our team.

SUBURB DATA

Quantitative data for,

Albanvale, VIC 3021

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.

State
VIC
Suburb
ALBANVALE
Postcode
3021
Median price for all dwellings
$600,000
Last 12 months growth return
Down -2.1%
Avg. dwellings for sale in the suburb every month
19
Avg. dwellings sold in the suburb in previous 12 months
59
Avg days on market for a dwelling listing to sell
43 days
Avg. number of people searching in this suburb every month
367
Avg. rental yield per annum
3.10%
Weekly median rent for all dwellings
$380 per week
Median price for all houses
$600,000
Avg. rental yield growth in the previous 12 months
3.10%
Avg. days for a rental listing to find a tennant
38 days
Total suburb population in 2016
5494
Total suburb population change in 5 years up to 2016
5.20%
Avg. household income per week
$1,125
Median age of the population in the suburb
36
Historic avg annual growth return per annum in the suburb
3.14%