63 Cardigan Place

Albert Park VIC 3206

The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2011 was 5,954 people. By 2016 the population was 6,185 showing a population growth of 3.9% in the area during that time. The predominant age group in Albert Park is 40-49 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation. In 2011, 56.5% of the homes in Albert Park were owner-occupied compared with 58.9% in 2016.

Albert Park has 3,647 properties. Over the last 5 years, Houses in Albert Park have seen a 19.09% increase in median value, while Units have seen a 0.70% increase. As at 31 August 2024:

• The median value for Houses in Albert Park is $2,326,212 while the median value for Units is $808,133.
• Houses have a median rent of $870 while Units have a median rent of $550.