Albert Park

Named after it’s main parkland which in 1864 Queen Victoria dedicated to Prince Albert.  Albert Park is located about 3km to the CBD.  Its subdivision survey was conducted around 1854 with many of the streets close to St Vincent Gardens being named after great British Naval officers. 

Albert Park Lake was initially swamp lands and lagoons with its main park having been used as a military camp, open recreation area and even a garbage dump.  

The Albert Park Lifestyle

The suburb is bounded by Mills Street, Beaconsfield Parade, St Vincent’s Gardens and the Lake.

Home to approximately 6,000 people and known for it’s leafy feel with cafes, walking tracks and the beachside lifestyle in plentiful supply.

I have lived in the area for many years with my family previously owning property in Moubray Street, Park Street and Canterbury Road.

Albert Park Real Estate

In 2014 there were approximately 2,900 homes and 1,585 apartments in Albert Park.  Property turnover is approximately 3% with the area very tightly held.  The price range can be anywhere from $400,000 to $15,000,000 depending on the property with the median sale price around $1,500,000 for houses and $700,000 for units.  Properties which offer development or rebuild have been in very strong demand yet there are still plenty of buyers looking to maintain the style of the area and improve on current structures.

1,585

Homes

2,900

Apartments

3%

Property Turnover

1,500,000

Median Sale Price for Houses

750,000

Median Sale Price for Units

Albert Park Public Transport

Public Transport is mainly accessed via the tram system;

#96 Light Rail which runs parallel to Canterbury Road

#1 tram along Victoria Avenue, Bridport St, Montague St Park St.

All information is provided without warranty as to its accuracy and any reader should make their own inquires as to its accuracy.  Sources; BAS, realestate.com.au and Wikipedia.

Jonathon Bird Albert Park Real Estate

Looking to buy or sell in Albert Park or the surrounding areas?

Get in touch today!