$493 ▲ +7.2%
Higher than 88% of statistical area 2 (sa2) areas.
- 2011: $460
- 2016: $500
- 2021: $493
Median weekly rent paid by households renting their home.
Albert Park · Statistical Area 2 (SA2)
Housing & Dwellings in Albert Park
Where and how people live — the homes, how they are held, and what they cost.
Much higher rental rates than the state average mark Albert Park as a costly place to live. The area is dominated by flats and townhouses, with a very small number of detached houses compared to the rest of Victoria.
$493
▲ +7.2%
- $100–$121: 37 areas
- $121–$143: 11 areas
- $143–$164: 27 areas
- $164–$186: 32 areas
- $186–$207: 63 areas
- $207–$229: 57 areas
- $229–$250: 59 areas
- $250–$271: 158 areas
- $271–$293: 106 areas
- $293–$314: 178 areas
- $314–$336: 149 areas
- $336–$357: 207 areas
- $357–$379: 179 areas
- $379–$400: 182 areas
- $400–$421: 312 areas
- $421–$443: 103 areas
- $443–$464: 158 areas
- $464–$486: 69 areas
- $486–$507: 85 areas
- $507–$529: 38 areas
- $529–$550: 32 areas
- $550–$571: 45 areas
- $571–$593: 19 areas
- $593–$614: 34 areas
- $614–$636: 8 areas
- $636–$657: 11 areas
- $657–$679: 5 areas
- $679–$700: 28 areas
All statistical area 2 (sa2) areas, 2021. The marker is Albert Park — higher than 88% of areas.
Housing costs
Rents, mortgages and crowding.
Typical weekly rents are $493, which is well above the Victorian figure of $370. Home loans are also expensive here, with typical monthly payments of $2,600, well above the national figure of $1,863.
$2,600 ▲ +4.0%
Higher than 89% of statistical area 2 (sa2) areas.
- 2011: $2,500
- 2016: $2,500
- 2021: $2,600
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Albert Park, the largest group is $350–$549 at 45%, followed by $550–$749 (20%) and $750 or more (18%).
Monthly mortgage distribution
View on map →In Albert Park, the largest group is $3,000 or more at 46%, followed by $1,800–$2,999 (24%) and $1,000–$1,799 (17%).
Owning & renting
How homes are owned or rented.
Renting is far more common here than across Australia, with 43.6% of households renting. Another 31.4% of homes are owned outright, which is about the same as the state and national figures.
43.6% ▲ +0.3%
Higher than 84% of statistical area 2 (sa2) areas.
- 2011: 43.4%
- 2016: 42.9%
- 2021: 43.6%
Share of occupied private dwellings that are rented.
31.4% ▲ +4.0%
Lower than 53% of statistical area 2 (sa2) areas.
- 2011: 30.2%
- 2016: 30.6%
- 2021: 31.4%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Albert Park, the largest group is Rented at 44%, followed by Owned outright (31%) and Owned with a mortgage (23%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses are rare in Albert Park, making up only 10% of homes, which is far below the Victorian average of 73.4%. Most people live in flats or apartments, and homes with three or more bedrooms are far less common than in other areas.
0.90 ▼ -18.2%
Higher than 86% of statistical area 2 (sa2) areas.
- 2011: 1.10
- 2016: 1.00
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
10.0% ▼ -52.0%
Lower than 98% of statistical area 2 (sa2) areas.
- 2011: 20.8%
- 2016: 10.5%
- 2021: 10.0%
Share of occupied private dwellings that are separate houses.
40.2% ▼ -2.3%
Lower than 93% of statistical area 2 (sa2) areas.
- 2011: 41.1%
- 2016: 40.6%
- 2021: 40.2%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Albert Park, Flat or apartment is the majority at 55%; Townhouse / semi-detached is next at 35%.
Bedrooms per home
View on map →In Albert Park, the largest group is 2 bedrooms at 41%, followed by 3 bedrooms (30%) and 1 bedroom (18%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Albert Park
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Albert Park [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206051128/albert-park/topic/housing-dwellings