Situated in New South Wales's 2527 postcode, Albion Park is a well-established residential suburb. Located approximately 90km from the Sydney CBD, the suburb is serviced by 8 schools and benefits from solid transport and amenity access.
Albion Park has a population of approximately 13,826, a median age of 35, a median weekly household income of $2,161. With 81% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability. Across the broader LGA, 23.1% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (18.1%), Construction (12.4%), Retail Trade (11.0%).
The current median house price in Albion Park is $915,000. Average annual growth sits at 7.7% over five years, reflecting steady capital appreciation. In the past 12 months, prices have increased 5.48%.
Properties in Albion Park spend an average of 33 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.89%. Inventory levels are at 2.58 months, indicating a balanced market. The average vendor discount is -3.6%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Albion Park is $720. Gross rental yield is 4.09%, providing a solid income return. The vacancy rate of 0.86% signals very strong rental demand. Rents have grown 6.67% over the past 12 months.
The broader local government area is forecast to grow from 80,745 to 85,526 residents by 2031, representing 5.9% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Albion Park Rail, NSW, Tullimbar, NSW, Lake Illawarra, NSW, Unanderra, NSW, Warilla, NSW.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Albion Park or need help identifying the right suburb for your strategy, get in touch with our team.
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.