ALBERT PARK
As the property market shifts, Albert Park has solidified its standing as a prestige enclave, attracting a specific demographic of buyer. The suburb currently holds a median house price of $2.20m. Prices have remained largely stable with a 16% change, suggesting a balanced market where supply has largely kept pace with local demand.
Lifestyle Profile
Visually, Albert Park presents a streetscape defined by grandeur. The area is characterized by manicured gardens, commanding architectural facades, and a sense of spacing that is rare in the modern market.
Socially, the area is an enclave of privacy. Residents here value discretion, and while there is a strong sense of community, it is often centered around private clubs, exclusive schools, and invitation-only events.
From a lifestyle perspective, convenience is high but subtle. The area is usually minutes away from premium retail villages that offer artisan grocers, high-end dining, and boutique services rather than big-box retail.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $92,123. With a price-to-income ratio significantly above the state average, ownership in Albert Park often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. Albert Park benefits from access to high-performing educational assets. Institutions like Albert Park Primary School (ICSEA Percentile 97) act as significant drawcards. Historical data shows that catchments for top-tier schools often experience tighter stock retention rates as families hold properties for the duration of schooling.
Market Outlook
The market has shown resilience with 15.9% stable growth. This appeals to buyers seeking lower volatility.
Quick FAQ about Albert Park:
- Is Albert Park expensive? With a median price of $2.20m, it is considered a prestige market, often attracting buyers seeking exclusive living standards.
- What are the schools like? The catchment for Albert Park Primary School is a major driver of local demand.
Primary Schools
Secondary / High Schools
Albert Park College
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Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
Secondary Schools
DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.