Get a property report and suburb profile for any property in Albion Park

Albion Park is a historic town-style suburb in the Illawarra on the low plains below the escarpment, within easy reach of Lake Illawarra and Macquarie Pass. It has a recognisable main street of older shops and cafes, character timber and brick homes near the centre and newer residential estates on former farmland. The community of 13,826 people has a median age of 36 and is weighted towards families, with couple families with children accounting for 47.8% of household types.

Everyday life centres on sporting clubs, community facilities and a harness racing venue, and the area has convenient road links and a nearby regional airport for wider travel. Major local projects include the Tripoli Way Extension, a transport scheme to create a new east–west corridor bypassing the town centre, and council plans for staged upgrades to parklands, sporting facilities, a plaza linking the library and a new play space. Most homes are owner-occupied (82.2%), which underlines the suburb's established residential character.

Buying in Albion Park sits well above what a typical local household earned at the last Census. With a median house price of $980,000 and a median unit price of $760,000, those figures work out to about 9.7 times and 7.5 times a typical local annual household income at the last Census. Renting is a sizeable share of income too: a house rent of $720 a week would take roughly 37.2% of a typical local household's weekly income at the last Census, while unit rent of $615 a week would take about 31.8%.

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

Over the past 12 months the figures for Albion Park show both house and unit values rose, with house values up 9.2% and unit values up 7.9%, which are solid increases in what properties are worth (capital growth) over the year.

Rents also moved higher but by smaller amounts: house rents rose 5.9% (a solid rise) and unit rents increased 3.4% (a modest rise). Houses recorded the larger gains on both value and rent this year, so the value side outpaced rental growth overall. Whether that pattern fits your plans depends on whether you prioritise capital growth or rental income.

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.