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St Albans Park, VIC 3219

Home » VIC Real Estate Data » Greater Geelong City, VIC » St Albans Park, VIC 3219

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 Park, VIC 3219 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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Rent 

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Yield 

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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 Park, VIC 3219”

  1. The total adult population (15 years or older) of St Albans Park 3219 VIC is 4,247, with a median age of 46. Of those, 42.19% are married, 15.33% are divorced or separated, 35.25% are single and 7.25% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,824. The median monthly mortgage repayment for households in this suburb is $1,400 which is 20.52% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of St Albans Park 3219 is home to an estimated 2,261 households. In the third quarter of 2023, average house prices in this suburb clock in around $655,956 while the median weekly rent is calculated at $433. This housing market scenario generates an indicative yield of approximately 3.43%, which is slightly above the minimum market requirement of 3% for cashflow-centered property investors.

    From a socioeconomic viewpoint, St Albans Park scores 915, holding a relatively good position out of a maximum IRSAD score of 1,217. In simple terms, this can indicate the region offers a reasonable access to economic resources, and demographic characteristics comprise moderately high income levels and skilled professions.

    The renter to owner ratio in St Albans Park is 23%, which poses as a favourable proposition for property investors due to the lower competition with other landlords. Additionally, the unit to house ratio in the area is 9%, indicating a lower saturation of rental units, which helps maintain higher rental yields.

    However, the suburb’s affordability index registers at 38 years, which is higher than the standard 30-year mortgage assumption. This suggests properties in the area are less affordable for buyers.

    When looking into supply metrics, the stock on market percentage for houses in St Albans Park is calculated at 0.44%, which is a neutral indicator signalling a balanced market. The inventory level, indicating how absorbent the market is to new listings, remains favorable at 1.61 months, signifying a low-supply market.

    The building approvals Ratio, or new housing supply, for houses is 0.1%, a favourable figure that indicates a low influx of new dwelling stock in the market. Houses in St Albans Park remain an average of 63 days on the market, a relatively neutral indication of demand.

    Meanwhile, the vacancy rate, a significant indicator of demand, stands at 1.55% for combined houses and units, implying a high demand scenario for the property market in the area. However, with a buy search index recorded at 4, the demand is considered neutral when compared to state and city averages.

    The property market in St Albans Park presents some metrics in less favourable ranges; however, the majority of key performance indicators are positive or neutral making it an attractive investment suburb. Remember, market conditions can change rapidly, hence regular monitoring of trends and market analytics, such as HtAG’s Relative Composite Score (RCS), is key to savvy property investments.

    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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