Arnold
CibbuanoAlbert Park, VIC
October 26th 2006 01:03
Albert Park in Melbourne’s Bayside area is the focus of today’s “Better Know a Suburb.” Albert Park/Middle Park is one of the older neighbourhoods of the City of Port Phillip. Housing stock generally dates from the Victorian and Edwardian eras, with a significant stock of flats and apartments from the 1930s and 1940s. The foreshore contains a number of high rise residential towers dating from the 1960s onwards.
Albert Park, VIC (postcode: 3206)
Property Price Results for the last 12 months:
Houses:
Average Price $911,000
Median Price $735,000
Change: -2%
Apartments:
Average Price $462,000
Median Price $445,000
Change: 6%
Average prices are the sum of all the property sales results divided by the number of sales. The median price is the exact selling price of the middle most sales price when all the sales are ordered according to their value.
Statistics:
Local population: 9,454
Australian born: 75%
Greatest age demographic: 20–39 years (38%)
Typical resident: Single (never married), Catholic, living in a semi or terrace style housing, professionally employed in rented accommodation.
The Albert Park neighbourhood is well known for its Victoria- era attached and row housing. The limited opportunities for redevelopment relative to other areas within Port Phillip have contributed to a static population from 1996 to present. The area is well served by the Albert Park (Bridport Street/Victoria Avenue) and Middle Park (Armstrong Street) strip shopping areas and the St Kilda light rail line.
Other notable physical features include the foreshore, Albert Park recreation area and the Melbourne Sports and Aquatic Centre.
There is a high proportion of couple families, both with children and without children in the suburb of Albert Park.It is an area that has an especially high proportion of semi-detached houses, and a higher than average proportion of separate houses, for Port Phillip. The area has a high number of high income households and a high level of car ownership. There has been minimal demographic growth over the last decade, with the only significant growth being among 55-64 year olds. The neighbourhood has a high proportion of English only speakers, people born in Australia, as well as a large Greek population.
Albert Park, VIC (postcode: 3206)
Property Price Results for the last 12 months:
Houses:
Average Price $911,000
Change: -2%
Apartments:
Average Price $462,000
Median Price $445,000
Change: 6%
Average prices are the sum of all the property sales results divided by the number of sales. The median price is the exact selling price of the middle most sales price when all the sales are ordered according to their value.
Statistics:
Local population: 9,454
Australian born: 75%
Greatest age demographic: 20–39 years (38%)
Typical resident: Single (never married), Catholic, living in a semi or terrace style housing, professionally employed in rented accommodation.
The Albert Park neighbourhood is well known for its Victoria- era attached and row housing. The limited opportunities for redevelopment relative to other areas within Port Phillip have contributed to a static population from 1996 to present. The area is well served by the Albert Park (Bridport Street/Victoria Avenue) and Middle Park (Armstrong Street) strip shopping areas and the St Kilda light rail line.
Other notable physical features include the foreshore, Albert Park recreation area and the Melbourne Sports and Aquatic Centre.
There is a high proportion of couple families, both with children and without children in the suburb of Albert Park.It is an area that has an especially high proportion of semi-detached houses, and a higher than average proportion of separate houses, for Port Phillip. The area has a high number of high income households and a high level of car ownership. There has been minimal demographic growth over the last decade, with the only significant growth being among 55-64 year olds. The neighbourhood has a high proportion of English only speakers, people born in Australia, as well as a large Greek population.
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