Albert Park's Strong Economy Supports Local Jobs and Incomes

Albert Park households report a median income of $2,533 per week or $131,716 annually, according to Source 1 at https://areasearch.com.au/vic/albert_park. This level places the suburb among the top 1% of areas nationally for economic strength and directly affects how residents manage housing costs and daily expenses.

Employment Conditions Shape Daily Security

The unemployment rate stands at 2.8% with employment growth of 6.6% over the past year as of June 2025, per Source 2 at https://localstats.com.au/demographics/sa/adelaide/western-beach-suburbs/albert-park. Residents in professional and technical services, which operate at 1.9 times the regional average, along with health care and finance and insurance roles, hold many of these positions according to Source 4 at https://www.yourinvestmentpropertymag.com.au/top-suburbs/vic/3206-albert-park. These sectors provide consistent work that helps families meet ongoing commitments without frequent disruption.

Housing Market Reflects Income Levels

Median house prices range from $2.41 million to $2.47 million with annual capital growth of 5.36% to 5.7%, while unit prices sit near $1 million and yields fall between 2.26% and 4.0%, based on Source 3 at https://www.inthesuburbs.com.au/suburb/albert-park-vic-3206.html. Higher earnings allow more households to cover these values and maintain ownership or rental arrangements that keep people connected to the same streets and services over time.

Population Shifts Influence Local Resources

The 2021 census recorded a population of 6,044 with 9.0% growth since then, of which 86.1% came from overseas migration, according to Source 5 at https://www.micromarkets.ai/suburbs/sa/western-adelaide/albert-park-5014. This change increases demand for existing local infrastructure and encourages continued use of nearby amenities that serve both long-term and newer households.

Residents can review property data through the sites listed in Sources 6 and 7 at https://www.property.com.au/vic/albert-park-3206/ and https://streetscout.com.au/suburb/albert-park-vic to track values against their own budgets. Checking updates from the Australian Bureau of Statistics on employment and migration patterns offers further context for planning household decisions.