Suburb

Market snapshot

Suburb insights for Albert Park3206

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Albert Park is a prestigious suburb just 3 km south of Melbourne’s CBD, offering a blend of historic Victorian homes, tree-lined boulevards, and bayside living. The suburb surrounds Albert Park Lake, a popular venue for running, sailing, and the annual Formula 1 Grand Prix. With boutique shops and cafés on Bridport Street and Victoria Avenue, Albert Park attracts families, professionals, and retirees seeking a fined coastal lifestyle close to the city.

Recent sales and auction results in Albert Park

AddressBedroomsPriceTypeMethodSale DateAgentListing
1/36 Philipson St, Albert Park2PriceApartmentAuction Sale12/12/2025Marshall WhiteView
19 Barrett St, Albert Park3PriceHouseSold Before Auction9/12/2025WHITEFOX Real EstateView
11/156 Beaconsfield Pde, Albert Park2PriceUnitSold Before Auction2/11/2025Jellis Craig
19 Reed St, Albert Park2PriceHouseAuction Sale12/12/2025Jellis CraigView
21 Reed St, Albert Park2PriceHouseAuction Sale12/12/2025Jellis CraigView
6 Dinsdale St, Albert Park2PriceHouseSold After Auction11/12/2025Evoke PropertyView
33 St Vincent St, Albert Park2PriceHouseSold Before Auction28/11/2025Marshall White & CoView

Sales data

Median sale price
$2.6mil
Quarterly price change
-6.3%
Metro Melbourne Comparison
$955k
2.7%
BedroomsAlbert ParkMetro comparison
2$1,484,000$910,000
3$2,470,000$830,000
4$3,625,000$951,500
InsightAlbert ParkMetro comparison
Clearance rate92.6%81.4%
Days on market4036

Rental data

Median weekly rent
$885
Rental yield
1.9%
Metro Melbourne Comparison
$580
3.3%
BedroomsAlbert ParkMetro comparison
2$750$580
3$1,190$550
4-$600
Median data for the current quarter

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