Albert Park

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Located 3 km south of Melbourne’s CBD with a population of 5827 (2006 Census). Albert Park is possibly one of the most picturesque suburbs in Melbourne. With a village like atmosphere, wide tree lined streets, and an abundance of heritage listed houses, the suburb plays host to possibly the most famous park in Melbourne – Albert Park and lake.

Named after Price Albert – the consort of Queen Victoria, after his death in the mid 19th Century, the park is made up of over 225-hectares of land and features a beautiful lake, a network of walking tracks, a golf course, picnic areas, and numerous other facilities attracting visitors both near and far. Over 100 bird species make their home in the park – most commonly seen are the black swans which are a major feature of the lake. The park plays host to Melbourne’s Grand Prix once a year which attracts international attention, and many complaints about the noise from locals in the area! Without doubt it is the park which makes Albert Park the wonderful residential location it is today.

Defying the grid like system in other areas of Melbourne, the most prestigious residential locality in Albert Park are the curved streets surrounding St Vincent Gardens. The gardens are Georgian in design and retain great significance with the Victorian Heritage register. The streets circling the gardens are tightly held by a small residential community and feature richly detailed Victorian terrace houses. It’s the largest design of this type in Melbourne and therefore understandable that property for sale in this locality attracts sky high prices for their rarity. The gardens have an exclusive tennis and lawn bowls club which was established mid 19 century.

Located just a stones throw from the city, Albert Park is easily accessible with St Kilda light rail service running along Ferrars St, and a tram service on Victoria Ave. Bridport Street and Victoria Avenue are Albert Parks main shopping strips. They are renown for their stylish cafes, delicatessens, restaurants, clothing boutiques and vintage furniture and homeware stores.

To top it off Albert Park has a beautiful long beach lined with historic buildings such as the Victoria Hotel. Although house prices are high and land sizes small, the suburb still manges to retain a family friendly feel largely due to the excellent facilities on offer. Off street parking is a rarity and houses offering the luxury come with a premium attached. However thankfully the streets are wide and street parking is well catered for. Albert Park is truly one of Melbourne’s best loved suburbs and it’s hard to see how you can go wrong if purchasing in this location.


Amenities:

Schools –

  • Albert Park Primary School

Transport – Two tram lines service Albert Park – number 1 and number 96.

Shopping – The major shopping strips are located along Bridport St and Victoria Ave – the shops are well catered for the exclusive residential clientèle with boutique retail clothing stores, book shops, cafes, delicatessens and restaurants.


House Styles:

Albert Park’s streets are generally lined with Victorian and Edwardian terrace houses. High rise apartment blocks ranging from the 1970’s to present can be found closer towards the shopping strips and along the beach front. Quite a high proportion of residents rent in Albert Park, however the housing market is fuelled by owner occupiers and there is a wide discrepancy between house price which is often based on emotion rather than land and house value alone. Therefore the market can prove quite volatile and is tightly held, in recessive economic conditions


Recent Sales:

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