St Albans Property Market Overview (2026)
St Albans sits in the affordable outer-suburban market. This is value territory. Prices are lower than inner Melbourne because the suburb is still developing its amenity base, but growth corridors tend to appreciate as infrastructure catches up.
Population: 38,042 (ABS Census 2021)
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $550K–$850K | $2,200–$3,400 |
| Unit/Apartment | $350K–$500K | $2,000–$3,000 |
Estimates based on St Albans’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in St Albans
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how St Albans stacks up:
| Amenity Factor | St Albans | Impact on Value |
|---|---|---|
| Schools | 19 | Strong — school zones drive family demand |
| Parks | 54 | High — green space is a premium driver |
| Dining & Cafes | 15 | Growing |
| Medical | 11 | Strong — healthcare proximity matters |
| Supermarkets | 0 | None — drives value down |
| Gyms & Fitness | 4 | Active lifestyle suburb |
Total amenity score: 141. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
St Albans has 19 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Ames | 16 Victoria Square |
| University Park Primary School | 44-54 Levenia Street, St Albans |
| St Albans East Primary School | 25 McArthur Avenue |
| Victoria University Secondary College Brimbank Campus | 5A Jamieson Street |
| Albion North Primary School | 67-73 Furlong Road, Sunshine North |
| St Albans Secondary College | 289 Main Road East, St Albans |
| St Albans Meadows Primary School | 2A Laurel Street, St Albans |
| Jackson School | 40-46 Mulhall Drive, St Albans |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $260–$360 |
| 2 Bedroom | $350–$450 |
| 3 Bedroom | $450–$600 |
Rental yield estimate: 4.5–5.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in St Albans
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in St Albans are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for St Albans Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in St Albans
- Best Cafes in St Albans
- Best Bars in St Albans
- Cost of Living in St Albans
- St Albans Neighbourhood Guide
- Family Guide to St Albans
- Is St Albans Safe?
- St Albans Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
💬 Discussion
Join the conversation — no account needed