Albion Suburb Profile

Victoria 3020

Albion has 2,652 properties. Over the last 5 years, Houses in Albion have seen a 15.25% increase in median value, while Units have seen a 6.14% increase. As at 31 May 2024:

• The median value for Houses in Albion is $725,522 while the median value for Units is $402,609.
• Houses have a median rent of $450 while Units have a median rent of $350.

The size of Albion is approximately 2.5 square kilometres. It has 8 parks covering nearly 23.6% of total area. The population of Albion in 2011 was 4,336 people. By 2016 the population was 4,741 showing a population growth of 9.3% in the area during that time. The predominant age group in Albion is 30-39 years. Households in Albion are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Albion work in a labourer occupation. In 2011, 49.4% of the homes in Albion were owner-occupied compared with 48.5% in 2016.