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St Albans, VIC 3021

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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 St Albans, VIC 3021 located in Melbourne 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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3BR

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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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 “St Albans, VIC 3021”

  1. The total adult population (15 years or older) of St Albans 3021 VIC is 31,822, with a median age of 36. Of those, 43.09% are married, 14.51% are divorced or separated, 35.92% are single and 6.48% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $5,268. The median monthly mortgage repayment for households in this suburb is $1,500 which is 28.47% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of St Albans (postcode 3021) is tucked away in the Australian state of Victoria and thought to be home to an estimated 15,975 households. As of the third quarter of 2023, the average house price in St Albans stands at $689,452. Paired with a median weekly rent of $375, these numbers point to an indicative yield of 2.83%, slightly below the threshold required by cashflow-centred property investors.

    In terms of socio-economic conditions, St Albans has a reasonable IRSAD score of 866 out of the maximum 1217. This suggests that residents typically have decent access to economic resources and stable occupations—an attractive trait to potential tenants. However, a slightly higher renter to owner ratio is evident at 36%, exceeding the ideal range of 30% and below. This could potentially increase competition for landlords.

    Nevertheless, the market presents a favourable condition for potential house investors as the units to houses ratio is at a low 21%. That means there’s less competition when it comes to attracting tenants—a factor that can maintain high rental yields.

    However, one point of concern for potential buyers in the area might be the affordability index for houses, which currently stands at 51 years, suggesting a remarkably slow journey towards property ownership based on the typical household income and current property prices in the area.

    On the supply side, St Albans offers a favourable real estate landscape with a stock on market Percentage for houses at a low 0.3% and an inventory level at 1.51 months, indicating a low supply market, which could encourage higher sales prices. Moreover, building approvals Ratio for houses sits at a favourable 0.09%, suggesting limited new supply entering the market.

    Despite the average days on market for houses being 50, a little higher than the ideal range but still within what might be considered reasonable, the low vacancy rate of 0.55% signals high demand. However, the buy search index for houses is hovering on the neutral scale, measuring at 3.

    Despite some metrics falling slightly short of the ideal range, the balance between supply and demand metrics indicates a healthy property market in St Albans 3021 with potential opportunities for property investors. Like any investment, careful consideration and continuous monitoring of market conditions are essential. Keep in mind that a comprehensive understanding of St Albans’ market achieved through platforms like HtAG Analytics, with its advanced RCS metric, ensures you make enlightened property investment decisions.

    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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