Albion is a smaller suburb in Victoria within the Brimbank local government area (postcode 3020). With a population of 4,334, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Albion is $735,000, having declined 3.9% over the past year. Units have a median price of $281,000 (-5.4% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,700.
Albion is served by 2 schools, including 2 primary. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 3 rail stations, 17 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, Albion offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($735K/$875K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -3.9% year-on-year.
Albion is a smaller suburb in Victoria within the Brimbank local government area (postcode 3020). With a population of 4,334, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Albion is $735,000, having declined 3.9% over the past year. Units have a median price of $281,000 (-5.4% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,700.
Albion is served by 2 schools, including 2 primary. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 3 rail stations, 17 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, Albion offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($735K/$875K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -3.9% year-on-year.