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ABS 2021 Census · Updated 21 May 2026
Albion is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 4,334, making it a boutique locality. Located approximately 14 km from the Melbourne CBD, Albion is a middle ring area in Victoria. The median household income is $68,120 per year.
Albion's income profile suggests a value-oriented market with competitive purchase prices. Its proximity to the CBD adds a strong location premium.
Official Australia Post postcode for Albion. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Albion on My School →Estimated 2 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Albion is a smaller community of 4,334 — about 58% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Albion's median household income of $68,120/year is 28% below the Victoria suburb median ($95,160) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Rent of $301/week (77% coverage of the $1,700/month median mortgage) leaves a gap of roughly $396/month that a typical investor bridges with negative gearing, depreciation and capital growth. 14 km from Melbourne places Albion in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs. Only 47% of dwellings are separate houses (vs 78% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
This suburb suits long-term investors looking for a balance of rental yield and capital growth. Schools and transport underpin family demand. Local rents consume roughly 23% of household income — a useful sanity check on tenant affordability.
How Albion stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Albion sits above the state median; negative means below.
| Metric | Albion | VIC median | Δ vs state |
|---|---|---|---|
| Population | 4,334 | 7,416 | -42% |
| Median household income | $68,120/yr | $95,160/yr | -28% |
| Median rent (weekly) | $301 | $380 | -21% |
| Median mortgage (monthly) | $1,700 | $1,950 | -13% |
| Distance to CBD | 14 km | 32 km | -56% |
| Separate houses | 47% | 78% | -31pp |
Pre-inspection briefing for Albion — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: household incomes 28% below the VIC median ($68,120 vs $95,160) means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Moderate rental coverage: rent of $301/week covers 77% of a $1,700/month mortgage, leaving a $396/month gap that an investor bridges with equity, depreciation and tax benefits.
Only 47% of dwellings are separate houses (vs 78% VIC median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Albion property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Albion are modest for 2026 — incomes 28% below the VIC median of $95,160 and a population of 4,334 suggest gains will lag headline metro markets. Rental coverage runs at ~77% of the typical mortgage ($1,304/month rent vs $1,700/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 58/100 places Albion in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Albion scores 58/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 4,334, median household income of $68,120/year and median weekly rent of $301. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Albion are proximity to Melbourne (14 km), a median household income of $68,120/year, a dwelling mix that is 47% separate houses, roughly 1 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Albion has a usual resident population of approximately 4,334, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Albion sits 14 km straight-line from the Melbourne CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
The most recent census recorded a median weekly rent of $301 in Albion, equating to approximately $15,652/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Albion is $1,700, or approximately $20,400/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $301 works out to $1,304/month, covering 77% of the median mortgage repayment of $1,700/month. That leaves a $396/month shortfall (around $4,752/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (4,334 residents), interest-rate sensitivity on the $1,700 median mortgage, below-median household incomes ($68,120 vs $95,160 state median), the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.