Recevlopment Site (S.T.C.C)
Under Instructions from Australian Executor Trustees Limited
Partially leased commercial premises on a prime corner allotment of approx 696 sq m (15.24 m x 45.72 m) zoned Residential (Mid Suburban Policy Area 16). Potential for subdivision into 2 separate allotments or for the construction of a pair of semi-detached dwellings, subject to council consent.
The size of Albert Park is approximately 0.9 square kilometres. It has 1 park. The population of Albert Park in 2011 was 1,475 people. By 2016 the population was 1,727 showing a population growth of 17.1% in the area during that time. The predominant age group in Albert Park is 50-59 years. Households in Albert Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albert Park work in a clerical occupation. In 2011, 66.3% of the homes in Albert Park were owner-occupied compared with 65.8% in 2016.
Albert Park has 915 properties. Over the last 5 years, Houses in Albert Park have seen a 93.45% increase in median value, while Units have seen a 104.94% increase. As at 31 October 2024:
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