Albert Park at a glance
Median house
$2,085,000
Median unit
$810,000
Walk score
48
Car dependent
Population
10.0k
Median age 46
The brief
What to know about Albert Park.
The postcode for Albert Park is 3206 (VIC), part of Greater Melbourne.
The median house price in Albert Park is $2,085,000.
Albert Park (3206) sits in the Port Phillip region of Victoria. The median house here is $2,085,000, well above the Victoria median of around $850K.
Albert Park has roughly 10,043 residents, with an established, older skew. Households are dominated by renters. Daily life is car-friendly: most residents drive to work, school and the shops.
Side by side
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Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Albert Park scores 48/100 on walkability, which makes it car-friendly with workable public transport options. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 7 government primary, 4 government secondary, 1 Catholic, 5 independent.
Who lives here
Demographics.
The 2021 Census put Albert Park's population at 10,043, with a median age of 46. That sits as an established, older skew.
Population
10,043
Median age
46
Family households
–
Lone person
–
Houses change hands at $2,085,000 on a typical sale, well above the Victoria median. Units come in around $810,000, roughly 61% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $417,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
The price of a home here.
Median house price
$2,085,000
+0.0% over the past year. Median unit price $810,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$1150/wk
Weekly rent (unit)
$643/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$2,085,000
$810,000
10,043
Median age: 46
Rental data as of September 2025· rental-vic
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For investors
Investment overview.
Gross rental yield on houses sits at 2.87% (median rent $1150/wk against a $2,085,000 price tag). Units yield 4.13% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.87%
Based on $2,085,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20264.13%
Based on $810,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
666
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
48
80
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Albert Park.
Local schools for Albert Park
View the catchment for each school to find out more.
Government School Catchment
Albert Park Primary School
Albert Park College
Middle Park Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Albert Park.
- What is the median house price in Albert Park?
- The median house price in Albert Park, VIC 3206 is $2,085,000. The median unit price is $810,000.
- What is the Albert Park postcode?
- Albert Park is in the 3206 postcode, in VIC, in the City of Port Phillip region.
- Where is Albert Park?
- Albert Park is a suburb of Melbourne, in VIC 3206. It is part of the Greater Melbourne area, in the City of Port Phillip region.
- What is the average rent in Albert Park?
- The median weekly rent for houses is $1150, for units it's $643.
- What schools are in Albert Park?
- There are 20 schools serving Albert Park on this page, including Albert Park Primary School, Albert Park College, Middle Park Primary School.
- How walkable is Albert Park?
- Albert Park has a Walk Score of 48 out of 100, car-dependent for most errands. transit score 80, bike score 100.
- What suburbs are near Albert Park?
- Albert Park is close to Middle Park, South Melbourne, South Melbourne Dc, Southbank, South Wharf.
- What is the population of Albert Park?
- The population of Albert Park is approximately 10,043 (2021 Census). The median age is 46.
For Sale
Albert Park
Buying
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Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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