Albion

Albion, VIC 3020 is a diverse suburb with a population of 4334 residents. The median household income is $1,310 per week. The most common occupations include Managers, Professionals, and Technicians & Tradesworkers. Residents enjoy various commuting options including trains, motor vehicles, and working from home. The suburb has a mix of age groups, with a notable number of residents aged 20-34 years. For houses in Albion, the suburb shows potential for renovators, with a high sale price IQR ratio. The suburb has a healthy rental market with a vacancy rate of 1.2% and strong room demand. Investors may find opportunities with the median growth rate of 7.9% and a high buyer demand as indicated by the online search interest. For units, the sale price IQR ratio is very high, suggesting potential for investors looking to renovate and add value. The rental yield is attractive at 6.9% and the suburb has a low vacancy rate of 0.8%. Albion, VIC 3020 offers a mix of housing options and a strong rental market. Homeowners can enjoy a diverse community and convenient commuting options. Investors looking for renovation opportunities may find potential in both houses and units, supported by the suburb's growth rates and rental yields. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022