Albanvale is a mid-sized suburb in Victoria within the Brimbank local government area (postcode 3021). With a population of 5,641, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $67K per year, with an average household size of 2.9 people. The most common occupations are labourers, technicians & trades, machinery operators & drivers. The top ancestries reported are Vietnamese, Australian, English.
The median house price in Albanvale is $613,000, having increased 3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,500.
Albanvale is served by 1 school, including 1 primary. The average ICSEA score is 950, which is around the national average of 1,000. Public transport access includes 1 rail station, 22 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Albanvale offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($613K/$875K). The price-to-income ratio of 9.2x is considered moderate. House prices have moved +3.0% year-on-year.
Albanvale is a mid-sized suburb in Victoria within the Brimbank local government area (postcode 3021). With a population of 5,641, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $67K per year, with an average household size of 2.9 people. The most common occupations are labourers, technicians & trades, machinery operators & drivers. The top ancestries reported are Vietnamese, Australian, English.
The median house price in Albanvale is $613,000, having increased 3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,500.
Albanvale is served by 1 school, including 1 primary. The average ICSEA score is 950, which is around the national average of 1,000. Public transport access includes 1 rail station, 22 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Albanvale offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($613K/$875K). The price-to-income ratio of 9.2x is considered moderate. House prices have moved +3.0% year-on-year.