$590 ▲ +36.6%
Higher than 99% of suburb / locality areas.
- 2011: $432
- 2016: $500
- 2021: $590
Median weekly rent paid by households renting their home.
Albert Park · Suburb / Locality
Housing & Dwellings in Albert Park
Where and how people live — the homes, how they are held, and what they cost.
Typical monthly mortgage payments of $3,500 make Albert Park one of the most expensive places to live in the region. Housing costs here are far above the state and national figures, reflecting a high-cost market where both renting and buying demand significant income.
$590
▲ +36.6%
- $0–$25: 37 areas
- $25–$50: 86 areas
- $50–$75: 199 areas
- $75–$100: 214 areas
- $100–$125: 525 areas
- $125–$150: 343 areas
- $150–$175: 699 areas
- $175–$200: 597 areas
- $200–$225: 1183 areas
- $225–$250: 724 areas
- $250–$275: 1277 areas
- $275–$300: 787 areas
- $300–$325: 1282 areas
- $325–$350: 618 areas
- $350–$375: 935 areas
- $375–$400: 570 areas
- $400–$425: 763 areas
- $425–$450: 288 areas
- $450–$475: 415 areas
- $475–$500: 176 areas
- $500–$525: 204 areas
- $525–$550: 79 areas
- $550–$575: 125 areas
- $575–$600: 70 areas
- $600–$625: 97 areas
- $625–$650: 21 areas
- $650–$675: 54 areas
- $675–$700: 145 areas
All suburb / locality areas, 2021. The marker is Albert Park — higher than 99% of areas.
Housing costs
Rents, mortgages and crowding.
Weekly rent is well above the national figure at $590, with nearly 30% of renters paying $750 or more. Home loan costs are also very high; the typical monthly payment is $3,500, which is far above the Victorian average of $1,859.
$3,500 ▲ +16.7%
Higher than 96% of suburb / locality areas.
- 2011: $3,000
- 2016: $3,000
- 2021: $3,500
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Albert Park, the largest group is $750 or more at 32%, followed by $550–$749 (22%) and $350–$549 (21%).
Monthly mortgage distribution
View on map →In Albert Park, $3,000 or more is the majority at 57%; $1,800–$2,999 is next at 19%.
Owning & renting
How homes are owned or rented.
Renting is much more common here than in most areas, with 36.9% of households renting. At the same time, 36.9% of homes are owned outright, a figure that is well above the national average of 31.0%.
36.9% ▼ -8.6%
Higher than 86% of suburb / locality areas.
- 2011: 40.4%
- 2016: 37.9%
- 2021: 36.9%
Share of occupied private dwellings that are rented.
36.9% ▲ +9.8%
Lower than 62% of suburb / locality areas.
- 2011: 33.6%
- 2016: 34.4%
- 2021: 36.9%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →Albert Park splits fairly evenly between Owned outright (37%) and Rented (37%), with Owned with a mortgage at 24%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Townhouses and semi-detached homes dominate the landscape at 62%, while separate houses are far less common than across Victoria. Because 53% of homes have three or more bedrooms—far below the state average—there are slightly more people per bedroom (0.90) than usual.
0.90 ▼ -18.2%
Higher than 86% of suburb / locality areas.
- 2011: 1.10
- 2016: 0.90
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
18.8% ▼ -24.9%
Lower than 99% of suburb / locality areas.
- 2011: 25.1%
- 2016: 16.1%
- 2021: 18.8%
Share of occupied private dwellings that are separate houses.
53.0% ▲ +13.7%
Lower than 90% of suburb / locality areas.
- 2011: 46.6%
- 2016: 49.5%
- 2021: 53.0%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Albert Park, Townhouse / semi-detached is the majority at 62%; Separate house is next at 19%.
Bedrooms per home
View on map →Albert Park splits fairly evenly between 3 bedrooms (38%) and 2 bedrooms (34%), with 4 bedrooms at 13%.
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/sal/SAL20018/albert-park/topic/housing-dwellings