St Albans

St Albans, VIC 3021 is a vibrant suburb with a diverse population of approximately 38,042 residents. The area has a mix of age groups, with a significant number of young adults aged between 20 to 34 and families with children. The median weekly household income is moderate, and the most common occupations include Technicians and Tradesworkers, Labourers, and Professionals. The suburb offers various commuting options, with many residents using motor vehicles, trains, and some working from home. St Albans has a social housing ratio of 4.0% and a median mortgage repayment of $1500 per month. For houses, St Albans presents a promising investment opportunity with a healthy market absorption rate indicating high demand. The suburb has shown consistent growth over the years, with a median growth rate of over 10% and a low vacancy rate. The high room demand-supply ratio signifies potential for rental income growth. The sale price IQR ratio suggests opportunities for renovation projects. On the other hand, units in St Albans also offer good investment prospects, with a strong rental yield, low vacancy rate, and increasing median prices showcasing capital growth potential. St Albans, VIC 3021 provides a dynamic living environment with a range of amenities, transport options, and a strong sense of community. The suburb offers a mix of housing types catering to different preferences. Investors looking for growth potential and good rental returns may find the suburb appealing, especially with the consistent historical growth rates and high demand for both houses and units. Homeowners seeking affordability and convenience will appreciate the lifestyle opportunities and diverse demographic makeup of St Albans. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022