Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Albanvale due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Albanvale leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Albanvale to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Albanvale the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|6 CAMELOT DR, ALBANVALE, VIC, 3021||3||1||4||$600,000 - $650,000|
|11 WOODLAND DR, ALBANVALE, VIC, 3021||6||2||8||$670.000 - $700.000|
|85 DIAMOND AV, ALBANVALE, VIC, 3021||4||2||5||$685,000 - $720,000|
|UNIT 39, 55B OAKWOOD RD, ALBANVALE, VIC, 3021||3||2||2||Under Offer|
|UNIT 2, 137 OPIE RD, ALBANVALE, VIC, 3021||2||1||1||On Hold Until Further Notice|
Albanvale Primary School(While the above schools are located with the suburb of Albanvale there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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