st albans

3021, Victoria

Real Estate & Property Information

Median
Price Rank
380

st albans Suburb Profile & Review

As a home to many Southern and Eastern European, African and Vietnamese immigrants, St Albans is a melting pot of diversity. Once set apart from other Melbourne'suburbs, St Albans is now considered a middle-city area. In less than half an hour, you can reach the city on the West Gate Freeway or CityLink.

Those with a love of central European cuisine venture to St Albans Market, a small but busy produce market near St Albans Station. The main shopping district, also grouped around the station, features take away shops, late night pharmacies, specialised grocery stores, supermarkets and hairdressers. There are two other train stations that also cater to the suburb; Ginifer Station and Keilor Plains Station.

A great many public and private schools can be found in St Albans, as well as a Victoria University campus, which is the university's main health and education centre. For the active and adventurous, Brimbank Park on the eastern border is a large state park with walking tracks, picnic facilities and playgrounds. Within the visitors' centre you will find the Leaping Lizard cafe, where you can enjoy a coffee or an ice-cream. The Kororoit Creek Trail, which follows Kororoit Creek, is a popular route with cyclists and joggers.

st albans Demographic Data

$ 385,000 Median House Price

25 Minutes Average Commute

36 Median Age

35,091 Population

50.28 % Female

49.72 % Male

9177 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in st albans, Victoria.

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st albans Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

st albans Median House Prices

  • 2008 $ 240,200
  • 2009 $ 277,600
  • 2010 $ 310,500
  • 2011 $ 385,000
  • 2012 $ 385,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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st albans 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in st albans have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term st albans property price predictions.

st albans Market Property Types

  • 82 % Seperate House
  • 5 % Semi Detached
  • 13 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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st albans Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

st albans Income & Mortgage Stats

  • $ 865 Median Weekly Household Income
  • $ 1,400 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in st albans

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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st albans Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

st albans Sold Property Prices

st albans Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

st albans Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

st albans Restaurants

  • St Albans Hotel5 McKechnie Street st albans VIC 302103 9366 2066
  • Song Huong71 Alfrieda St st albans VIC 302103 9356 0567
  • Quang Vinh66 Alfreida St st albans VIC 302103 9366 4147

st albans Cafes

  • Hanna Coffee and Nuts336a Main Roadst albans VIC 302103 9310 9491
  • Chilli and Coconut HouseShop East2/280, Main Roadst albans VIC 302103 9310 7775
  • Fresh Chilli Deli61 Alfrieda Streetst albans VIC 302103 9367 9359

st albans Schools

  • Catholic Regional College3 Winifred Streetst albans VIC 3021(03) 9366 2544Catholic Secondary School
  • Holy Eucharist Primary School1A Oleander Drivest albans VIC 3021(03) 9366 2899Catholic Primary School
  • Sacred Heart Primary School4 Winifred StreetÊst albans VIC 3021(03) 9366 0022Catholic Primary School

st albans Childcare

  • Grace Street Child Care Centre24-26 Grace Streetst albans VIC 3021
  • Little BabesKings Rdst albans VIC 3021
  • Main Road East CCC252 Main Road Eastst albans VIC 3021

st albans Kindergarten and Preschools

  • Albanvale Community Kinder44 Diamond Avenuest albans VIC 3021
  • Brimbank KindergartenGrace Stst albans VIC 3021
  • Epalock Crescent Kindergarten15 Epalock Crescentst albans VIC 3021

Find out How Much your House is Worth in st albans

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