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Albert Park, SA 5014

Home » SA Real Estate Data » City of Charles Sturt, SA » Albert Park, SA 5014

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 Albert Park, SA 5014 located in Adelaide 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 

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5BR

Rent 

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Yield 

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5BR

Buy 

1BR

2BR

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Rent 

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Yield 

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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 “Albert Park, SA 5014”

  1. The total adult population (15 years or older) of Albert Park 5014 SA is 1,514, with a median age of 39. Of those, 39.89% are married, 12.81% are divorced or separated, 42.07% are single and 5.48% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,244. The median monthly mortgage repayment for households in this suburb is $1,659 which is 20.12% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia, the suburb of Albert Park, 5014, is home to an estimated 963 households. By the third quarter of 2023, the typical prices for houses in Albert Park are $700,694, with a median weekly rent at $506. This ensures an indicative yield of about 3.76%, surpassing the minimum market requirement of 3%, making it an appealing option for cashflow-focused property investors.

    Albert Park als boasts an impressive IRSAD score of 950 out of 1217, amply demonstrating the high socio-economic status of the residents and prioritises it as a location with strong economic resources, high income levels, and skilled professions. Further complimenting its standings, the suburb’s renter to owner ratio stands at 28% – a figure well within the desirable range. Therefore, the long-term returns seem prospective with reduced risks and competition.

    The units to houses ratio in Albert Park is a staggering low of 2%, reducing the oversaturation of rental property – in this case, units – thereby reducing competition amongst landlords. Coupled with the town’s strong appeal amongst families, the tenancy durations are likely to be high, further improving rental yields.

    However, with an affordability index of 33 years, it indicates a decrease in the affordability of the area. To wholly own a property, it would require 33 years, based on certain variables like current interest rates, median family income, and typical property prices.

    The Houses market in Albert Park appears to be in favour of buyers with a stock on market Percentage of a mere 0.32% and inventory at just 1.33 months. With a low Building Approval Ratio of 0.32%, the risk of increased supply leading to the drop in housing prices is minimal.

    Houses are also being snapped up swiftly, as displayed by the 13 days on market (DoM) statistic, pointing to remarkable demand. This demand is further echoed by a meagre vacancy rate of 0.72% for both houses and units – a clear indication of high demand for property in the area. Evidently, Albert Park’s buy search index for houses is 6 – a marker of high demand.

    Covering all bases, Albert Park provides a great cocktail of attractive prospects for property investors – high socio-economic scores, favourable renter to owner and units to houses ratios, low supply but high demand indicators and desirable yields. But with ever-changing market conditions keeping an eye on these metrics remains essential for smart investment choices. Furthering this research, RCS (Relative Composite Score) by HtAG Analytics could provide automated, in-depth insight using over 80 real-estate metrics.

    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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