Albert Park (VIC 3206): property prices & suburb profile
Port Phillip LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Albert Park property prices
The typical Albert Park house sold for around $2,309,000 in the year to 2025-Q4, +48.0% over 10 years and +11.8% over 5 years.
Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back
View as table
| Period | Houses (yearly + recent quarters) | Units (yearly + recent quarters) |
|---|---|---|
| 2013 | $1,360,000 | $657,500 |
| 2014 | $1,503,000 | $863,000 |
| 2015 | $1,700,000 | $815,000 |
| 2016 | $1,775,000 | $850,000 |
| 2017 | $2,150,000 | $662,500 |
| 2018 | $2,070,000 | $1,300,000 |
| 2019 | $1,990,000 | $870,000 |
| 2020 | $1,900,000 | $875,000 |
| 2021 | $2,355,000 | $835,000 |
| 2022 | $2,475,000 | $1,505,000 |
| 2023 | $2,287,500 | $980,000 |
| 2024 | $2,225,000 | $1,352,500 |
| Apr 2024 | $1,900,500 | $1,970,000 |
| July 2024 | $2,450,000 | |
| Oct 2024 | $2,265,000 | $682,500 |
| 2025 | $2,320,000 | $1,090,000 |
| Apr 2025 | $2,417,500 | $810,000 |
| July 2025 | $2,510,000 | $735,000 |
| Oct 2025 | $2,105,000 | $1,253,500 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Albert Park medians by quarter
The most recent quarter on record for Albert Park is 2025-Q4.
| 2025-Q4 | Unit | $1.25M | 6 |
| 2025-Q4 | House | $2.10M | 51 |
| 2025-Q3 | Unit | $735k | 11 |
| 2025-Q3 | House | $2.51M | 36 |
| 2025-Q2 | Unit | $810k | 5 |
| 2025-Q2 | House | $2.42M | 27 |
| 2025-Q1 | Unit | $1.09M | 5 |
| 2025-Q1 | House | $2.32M | 16 |
| 2024-Q4 | Unit | $683k | 8 |
| 2024-Q4 | House | $2.27M | 39 |
| 2024-Q3 | House | $2.45M | — |
| 2024-Q2 | Unit | $1.97M | — |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Albert Park
Albert Park has a median age of 46 and a median household income of $2,533 a week.
- Figures labelled Albert Park are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Albert Park" and postcode 3206 both extend beyond Albert Park.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Schools in Albert Park
The 3 schools in Albert Park sit at the 91st percentile nationally on ACARA's socio-educational index.
| Albert Park College | Government | Secondary | 1,127 |
| Albert Park Primary School | Government | Primary | 1,156 |
| South Melbourne Park Primary School | Government | Primary | 1,105 |
- ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
- Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
- Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.
Suburbs near Albert Park
Albert Park's typical house price of $2,309,000 is the 4th highest of the 22 Melbourne Inner suburbs we cover.
Armadale 3143
$2,643,000 typical house price
Balaclava 3183
$1,402,000 typical house price
Carlton 3053
$1,542,000 typical house price
Collingwood 3066
$1,321,000 typical house price
Docklands 3008
$573,000 typical unit price
Elwood 3184
$2,203,000 typical house price
Fitzroy 3065
$1,575,000 typical house price
Fitzroy North 3068
$1,661,000 typical house price
Albert Park: common questions
- How much does a house cost in Albert Park?
- About $2,309,000 across the 12 months to 2025-Q4, from 130 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Albert Park prices gone up?
- Prices have risen 48.0% over 10 years and moved +11.8% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- What do units cost in Albert Park?
- The typical unit price was around $930,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 27 sales.
- Can I see Albert Park prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
- Which schools are in Albert Park?
- Albert Park has 3 ACARA-registered schools: Albert Park College, Albert Park Primary School, South Melbourne Park Primary School.
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Data sources
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This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.