Lake Albert vs Springvale
Lake Albert (median $676,000) is roughly 46% cheaper to buy into than Springvale ($1,250,000). Over the past year, Lake Albert (+4.8%) ran 5.6 percentage points ahead of Springvale (-0.8%) on house-price growth.
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Lake Albert and Springvale side by side
| Measure | Lake Albert | Springvale |
|---|---|---|
| Price and market | ||
| Median house | $676,000 | $1,250,000 |
| Median unit | $240,480 | $240,480 |
| House price change, 12 months | +4.8% | -0.8% |
| Renting | ||
| House rent | $550/wk | $550/wk |
| Unit rent | $420/wk | $420/wk |
| Owner occupied | 80.0% | 98.0% |
| Renter occupied | 16.0% | 1.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 973 | 954 |
| Lifestyle and people | ||
| Walk score | 20 | 0 |
| Transit score | 0 | 0 |
| Bike score | 100 | 55 |
| Population | 6,291 | 1,851 |
| Median age | 43 | 41 |
| Climate | ||
| Annual rainfall | 546 mm | 549 mm |
| Mean max, January | 33.0°C | 32.8°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Lake Albert scores higher on walkability (20/100 vs 0/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Lake Albert (973) sits above Springvale (954). Springvale skews owner-occupied (98%), Lake Albert runs more rental-dense (80% owner).
- For buyers
- Lake Albert is the lower entry point at $676,000 median, 46% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Lake Albert carries both higher gross yield (4.23% vs 2.29%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- For families
- Lake Albert edges out on average school ICSEA (973 vs 954). Springvale also has a higher family-household share (94% vs 77%), so the catchment community skews family-heavy.
Lake Albert vs Springvale: common questions
Is Lake Albert or Springvale cheaper to buy in?
Lake Albert has the lower median house price at $676,000, roughly 46% below Springvale ($1,250,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Lake Albert or Springvale?
Over the past 12 months, Lake Albert grew +4.8% vs -0.8% in Springvale, a gap of 5.6 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Lake Albert or Springvale have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Lake Albert scores 973 vs 954 in Springvale. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Lake Albert or Springvale?
Lake Albert scores 20/100 on walkability vs 0/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Lake Albert or Springvale?
Gross rental yield on houses is 4.23% in Lake Albert vs 2.29% in Springvale. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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