Median price trend for houses
Based on 117 sales in the preceding 12 months
$2,170,000
Down 1.4% over 12 months
- 1 bed
- $1.04m
- 2 bed
- $1.58m
- 3 bed
- $2.46m
- 4 bed
- $3.07m
Aerial view
Imagery © Esri
The quick read on
Albert Park
VIC 3206 · Port Phillip
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $2,170,000
- Median unit
- $960,000
- Population
- 6,044
- Postcode
- 3206
latest suburb median
latest suburb median
ABS 2021
Albert Park, Victoria
Property market insights for Albert Park (Vic.)
Median sale price and rental income of properties in Albert Park (Vic.) VIC
Median rent trend for houses
Based on 125 rental listings in the preceding 12 months
$950 per week
Up 5.6% over 12 months
Market data updated October 2026.
The median house price in Albert Park (Vic.), VIC is currently $2,170,000, based on the latest 12 months of sales. Albert Park (Vic.) has a 12-month growth rate of -1.4% for houses and 33.8% for units.
One-bedroom houses have a median sale price of $1,040,000, Two-bedroom houses have a median sale price of $1,580,000, Three-bedroom houses have a median sale price of $2,460,000, Four-bedroom houses have a median sale price of $3,070,000 in Albert Park (Vic.).
If you're looking to lease, the median rent for houses in Albert Park (Vic.) is $950 per week. The median house rent has increased 5.6% over the last 12 months.
The median price of apartments and units for sale in Albert Park (Vic.) is $960,000, which has increased 33.8% since the same time last year. One-bedroom apartments and units have a median sale price of $423,000, Two-bedroom apartments and units have a median sale price of $960,000, Three-bedroom apartments and units have a median sale price of $2,650,000 in Albert Park (Vic.). The median rent for units and apartments in Albert Park (Vic.) is $675 per week and has increased 12.5% over the last 12 months.
Crime and safety
Is Albert Park safe?
The overall rate for Albert Park is 16,624 offences per 100,000 residents — 315% above the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Albert Park.
Overall crime rate
16,624
offences per 100,000 residents
315% aboveGreater Melbourne
Albert ParkGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Albert Park?
Albert Park VIC 3206 is in Victoria, within Greater Melbourne.
6,044 people call Albert Park home, with an average of 2.2 people per household and a median household income of $2,533 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 6,044
- Median age
- 46 years
- Median mortgage
- $3,500 / month
- 2021 household rent
- $590 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 1516.4%Below
15–3418.1%Below
35–5429.8%Above
55–7425.7%Above
75 and over9.9%Above
Homes
Share of occupied private dwellings.
Separate houses18.8%Below
Townhouses61.9%Above
Apartments18.6%Above
Ownership
Share of homes with a stated ownership or rental status.
Owned outright37.8%Above
Paying a mortgage24.5%Below
Renting37.7%Above
Cars at home
Vehicles available to occupied households.
No car12.3%Above
One car48.1%Above
Two cars32.2%Below
Three or more7.6%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home47.4%Above
Drove to work26.6%Below
Train, tram or bus3.8%In line
Walked or cycled6.5%Above
What stands out in Albert Park
47.4% of workers in Albert Park worked from home on Census day — noticeably more common than across Greater Melbourne.
5.3% of Albert Park residents were born in England, about twice the rate across Greater Melbourne.
46.4% of people in Albert Park described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Albert Park
Open any question for a plain-English reading of the public 2021 Census for Albert Park VIC 3206.
Is Albert Park family-friendly?Age, family structure and household size describe the community families would be joining.
16.4% of Albert Park's residents were children under 15 in the 2021 Census. That is close to the Greater Melbourne average.
1,605 family households lived in Albert Park; 44.1% were couple families and 12.5% were one-parent families.
35.8% of local families included children under 15. That is somewhat below the Greater Melbourne average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Albert Park?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Albert Park had 6,044 residents at the 2021 Census.
22.7% of residents were aged 25 to 44.
35.6% were 55 or older. That is well above the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in Albert Park?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 18.8% of occupied private dwellings in Albert Park.
Townhouses and other attached homes represented 61.9% of occupied private dwellings.
Flats and apartments accounted for 18.6% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Albert Park?Tenure shows how many households own outright, have a mortgage or rent.
37.8% of households with a stated tenure owned their home outright. That is well above the Greater Melbourne average.
24.5% were buying their home with a mortgage.
37.7% rented their home. That is well above the Greater Melbourne average.
Tenure shares include households that stated one of these three arrangements.
How large are households in Albert Park?Household-size data shows the mix behind the suburb-wide average.
The average household in Albert Park had 2.2 people.
One-person households made up 33.2% of occupied homes. That is well above the Greater Melbourne average.
Two-person households represented 33.7%, while 18.5% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Albert Park?Census-day travel shows the balance between home, road, public transport and active travel.
47.4% of workers worked from home on Census day. That is well above the Greater Melbourne average.
26.6% drove a car as their only travel method. That is well below the Greater Melbourne average.
3.8% used only a train, tram or bus, while 6.5% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Albert Park?Vehicle availability helps describe the routines local households can support.
12.3% of occupied households had no motor vehicle available. That is somewhat above the Greater Melbourne average.
One-car households formed 48.1% of the total.
39.8% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Albert Park, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
56.9% were at the same address five years earlier, while 43.1% reported a different address.
26.2% of residents were born outside Australia. That is well below the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Albert Park?Language at home gives a direct view of the community’s everyday linguistic mix.
78.2% of residents used only English at home.
18.1% used a language other than English at home.
0.4% spoke Mandarin at home, 0.2% spoke Cantonese and 0.7% spoke Hindi.
Home language is separate from English proficiency.
Where were Albert Park residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
26.2% of Albert Park's population was born outside Australia, while roughly 73.8% was born in Australia.
0.4% of residents were born in China.
1.8% were born in India, while Australian citizenship across the whole suburb stood at 87.5%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Albert Park?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 36.6% of ancestry responses in Albert Park.
Australian ancestry made up 26.3% of responses.
Chinese ancestry represented 1.8% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Albert Park?Occupation describes a person’s role; industry describes the sector employing them.
38.5% of employed residents worked in professional occupations. That is well above the Greater Melbourne average.
Managers accounted for 26.7% of employed residents, while clerical and administrative workers made up 10.1%.
Health care and social assistance employed 11.6% of workers, and education and training employed 7.6%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Albert Park?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 63.9%, compared with 64.1% across Greater Melbourne.
39.1% of residents aged 15 and over worked full time, while 19.0% worked part time.
Unemployment was 3.4%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of Albert Park show?Selected long-term health conditions help describe community service needs.
64.6% reported no selected long-term health condition.
7.1% reported a long-term mental health condition, including depression or anxiety.
7.5% reported asthma, 7.0% arthritis and 3.0% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Albert Park?Qualifications describe the study pathways represented among local residents.
41.2% of people in the qualifications table held a bachelor degree. That is well above the Greater Melbourne average.
Postgraduate degrees accounted for 21.7% of qualification responses.
Diploma-level qualifications represented 11.3%, while certificate-level qualifications represented 11.2%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Albert Park?Census income and household payments give historical context for local living costs.
Median household income was $2,533 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $3,500.
Occupied renting households reported a median rent of $590 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Albert Park compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 47.4% in Albert Park, compared with 28.8% across Greater Melbourne.
Outright ownership was 37.8% locally and 30.7% across Greater Melbourne. That is well above the Greater Melbourne average.
Renting accounted for 37.7% in Albert Park, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Albert Park (Vic.)
Is Albert Park (Vic.) expensive?
The median house price is $2,170,000, while units and apartments sit at $960,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Albert Park (Vic.) good for families?
The Census counted 1,605 local families, and 16.4% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Albert Park (Vic.)?
2-bedroom houses have a median around $1,580,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Albert Park (Vic.)
69 streets in Albert Park (Vic.)
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Albert Rd
- Albert Road Dr
- Albert Road Dr South
- Aquatic Dr
- Ashworth St
- Aughtie Dr
- Barrett St
- Beaconsfield Pde
- Bevan St
- Bleakhouse Ln
- Boyd St
- Bridport St
- Bridport St West
- Brooke St
- Cameron Pl
- Canterbury Rd
- Cardigan Pl
- Carter St
Show all 69 streetsShow fewer streets
- College Pl
- Danks St
- Dinsdale St
- Draper St
- Dundas Ln
- Dundas Pl
- Durham St
- Erskine St
- Faussett Ln
- Faussett St
- Ferrars St
- Finlay St
- Foote St
- Gatehouse Ln
- Graham St
- Gray Ln
- Greig St
- Hambleton St
- Herbert Pl
- Herbert St
- Kerferd Pl
- Kerferd Rd
- Kings Way
- Lakeside Dr
- Little Finlay St
- Little Graham St
- Little Ogrady St
- Little Page St
- Little Withers St
- Madden St
- Merton Pl
- Merton St
- Mills St
- Montague Ln
- Montague St
- Moubray Ln
- Moubray St
- Neville St
- Ogrady St
- Page St
- Philipson St
- Pickles St
- Reed St
- Richardson St
- St Vincent Pl North
- St Vincent Pl South
- St Vincent St
- Victoria Ave
- Victoria Ln
- Withers St
- Young St
12 suburbs surrounding Albert Park (Vic.)
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Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.