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Suburb Insights ยท VIC 3021

Albanvale 3021, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Albanvale is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 5,641, making it a smaller community. Located approximately 19 km from the Melbourne CBD, Albanvale is a middle ring area in Victoria. The median household income is $66,508 AUD per year (ABS 2021 Census).

Investment Score

53 / 100 Moderate

Albanvale's income profile suggests a value-oriented market with competitive purchase prices.

Location

Map shows Albanvale, Victoria, Australia.

Key Indicators

Postcode
3021

Official Australia Post postcode for Albanvale. A postcode may cover multiple suburbs.

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Population
5,641

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$325/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$66,508/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
19 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,500/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
91% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Albanvale's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $325/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,500/month. 91% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Albanvale offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Albanvale can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Limited buyer depth in Albanvale makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Albanvale property

Full Property Analysis

30-year projections for Albanvale

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Moderate

Albanvale faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Tenants in Albanvale have options โ€” presenting well-maintained properties is key to minimising vacancy. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Albanvale a good suburb for investment?

Albanvale is a middle ring area in Victoria with a population of 5,641. The median rent is $325/week and the median household income is $66,508/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Albanvale?

Key demand drivers in Albanvale include established amenities and transport access. 91% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of Albanvale?

According to the ABS 2021 Census, Albanvale has a population of approximately 5,641. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Albanvale from the Melbourne CBD?

Albanvale is approximately 19 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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