Question 1

Is Albert Park a nice place to live?

Accepted Answer

Albert Park is a compact north-western suburb between Port Adelaide and West Lakes with a quietly utilitarian, everyday feel. Streets mix modest postwar brick and weatherboard homes with some newer infill townhouses, and the area attracts families, tradespeople and long-term locals who value straightforward living close to the water. Residents make the most of nearby river and coastal reserves, local parks and foreshore recreation, while larger shopping and leisure options are at neighbouring West Lakes and Port Adelaide. Good road links give sensible access to the city and the port.

The community is 1,780 people with a median age of 39 and a median household income of $1,503 a week (about $78,156 a year). Couple families with children are the largest family type, and just over seven in ten homes are owner-occupied while 29.3% are rented. Albert Park is included in the Public Housing Improvement Program with one new public home planned, and nearby projects in West Lakes and Port Adelaide are being tracked as relevant to the locality. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Albert Park?

Accepted Answer

Renting a house in Albert Park runs to about $635 a week. Against a typical local household income of $1,503 a week as recorded at the last Census, that rent would take about 42.2% of income, which is a large share for a typical household. If you're renting rather than buying, that rent share is the figure most relevant to affordability.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Albert Park a good place to invest?

Accepted Answer

House values in Albert Park climbed a solid 8.8% over the past 12 months, while the rent houses earn rose 5.8% in the same period.

For someone weighing Albert Park up as an investment, the value figure points to the amount properties increased in price (capital growth) and the rent figure to the income they generate; over the year capital growth outpaced rental income. Whether that balance suits your needs depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	8.8%	N/A
Sold Past 3 months	5	1
Median days on market Past 12 months	54	N/A
Average rent Past 12 months	$635	N/A
Change in rent Past 12 months	5.8%	N/A

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