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Albion, QLD 4010

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Albion, QLD 4010 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Albion, QLD 4010”

  1. The total adult population (15 years or older) of Albion 4010 QLD is 3,136, with a median age of 33. Of those, 27.74% are married, 12.79% are divorced or separated, 55.26% are single and 4.08% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $10,112. The median monthly mortgage repayment for households in this suburb is $1,950 which is 19.28% of their earnings.

    Source: ABS Census Data (2021)

  2. With a vibrant atmosphere and approximately 3134 households, the suburb of Albion (4110), located in Queensland, presents itself as an interesting prospect in the property market landscape during Q3 2023.

    Average house prices in Albion 4110 have been recorded at $1,215,972. These houses typically attract a median weekly rent of $657. This mix of property values and rental income equates to an indicative yield of 2.81%, narrowly missing the minimal 3% yield commonly sought after by cashflow-centric property investors.

    The socio-economic outlook for Albion 4110 is relatively positive, indicated by an IRSAD score of 1089 out of 1217. However, caution may be necessary due to the high renter to owner ratio of 54%, exceeding the optimal rate of below 30%. This imbalance could potentially create high competition amongst investors and expose them to future risks. In addition to this, the units to houses ratio stands at 67%. These figures suggest a higher prevalence of units which might pose risks related to oversupply or regulatory changes affecting the property market.

    In terms of affordability, the index for houses in Albion 4110 is relatively high at 47 years, indicating that it may take this estimated time to fully own a property. This index exceeds the ideal rate of 30 years, suggesting decreased affordability.

    The market supply scenario as represented by the stock on market Percentage for houses shows a favourable condition with a percentage of 0.2%, considerably lower than the threshold of 1.3%. The inventory level for houses stands at 0.86 months, revealing a swift absorption rate of new property listings.

    New building approvals are under control with a ratio of 0.39%, suggesting an absence of an influx of new dwelling supply. Properties in Albion 4110 also don’t seem to linger on the market for long, with the average days on market standing at just 9. Couple this with a low vacancy rate of 0.71%, and it reflects a high demand environment.

    Lastly, the suburb’s buy search index for houses sits right on the average at 5, signifying a balanced interest in the property market of Albion 4110.

    Given these metrics, while there are some slightly concerning elements such as the high renter to owner ratio and the high units to houses ratio, the dominant market condition appears favourable. However, continual monitoring of changing market dynamics will remain critical, and this is where tools like HtAG Analytics’ RCS can prove indispensable.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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