Question 1

Is Port Albert a nice place to live?

Accepted Answer

Port Albert is a small coastal town on Corner Inlet with a historic port and sheltered harbour that still supports fishing and recreational boating.

The community is older and weighted towards couples without children at home, with 65.1% of families in that group and incomes below the median for Victoria. The compact village centre sits among weatherboard cottages, timber boatsheds and a few heritage buildings, and the town's boat ramp and jetty upgrades were completed, rebuilding the existing two-lane ramp, adding a second two-lane ramp and installing two floating pontoon jetties with fish-cleaning tables and new lighting.

Question 2

Is it expensive to live in Port Albert?

Accepted Answer

Only the local median household income is available for Port Albert, at $981 a week from the most recent Census. There haven't been enough recent sales or rentals to publish reliable price or rent figures, so it's not possible to describe how expensive Port Albert is compared with local incomes.

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 Port Albert a good place to invest?

Accepted Answer

What stands out in Port Albert is the house market: over the last twelve months median house values rose 71.1%. That is a large increase in house capital value, and there isn't enough recent information here to describe movements for unit values or for rents.

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	71.1%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	150	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	VIC
Median age years	59	38
Median household income weekly	$981	$1,759
Couples with children share of families	22.0%	45.5%
Couples without children share of families	65.1%	37.6%
One-parent families share of families	12.8%	15.2%
Homes owned outright share of homes	53.4%	33.2%
Homes with a mortgage share of homes	31.1%	37.3%
Homes rented share of homes	15.5%	29.5%

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