ABS 2021 Census · Updated 31 March 2026
Albert Park is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 6,044, making it a smaller community. Located 4 km from the Melbourne CBD, Albert Park is a outer metro area in Victoria. The median household income is $131,716 AUD per year (ABS 2021 Census).
Above-average earnings in Albert Park support sustained property values. Close CBD access strengthens tenant appeal and resale value.
Map shows Albert Park, Victoria, Australia.
Official Australia Post postcode for Albert Park. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 2 schools within or near this suburb based on ABS 2021 data.
Find schools near Albert Park on My School →Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →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 →Albert Park's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $590/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $3,500/month. A median household income of $131,716/year supports premium property values and indicates a well-employed resident base. With only 16% separate houses, Albert Park has a significant apartment and unit market — typical of inner-city investment corridors.
Albert Park offers moderate buy-and-hold potential — look for properties with value-add opportunities.
Albert Park's rental market favours investors seeking yield — occupancy rates are typically strong in this area.
Renovation or flip strategies in Albert Park face headwinds from a smaller buyer pool and slower turnover.
Run the numbers on a Albert Park property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Property values in Albert Park should hold firm in 2026, with gradual appreciation tied to infrastructure and population trends. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Albert Park remains on the radar of active property investors in Victoria.
Albert Park is a outer metro area in Victoria with a population of 6,044. The median rent is $590/week and the median household income is $131,716/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Albert Park include affordability relative to inner suburbs and expanding infrastructure. 16% of dwellings are separate houses. The area has approximately 2 schools and 2 parks nearby.
According to the ABS 2021 Census, Albert Park has a population of approximately 6,044. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Albert Park is approximately 4 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.