Town snapshot – St Albans Park

The size of St Albans Park is approximately 4.2sqkm and has nine parks covering nearly 2.5 per cent of total area.

The population of St Albans Park in 2016 was 4,837 and by the 2021 Census the population was recorded at 4,942 showing a population increase of 2.2% in the area during that time.

St Albans Park is a residential suburb 5km south-east of central Geelong.

The boundary between Whittington and St Albans Park is Townsend Street.

St Albans Park’s southern boundary is the Barwon River, and as the suburb proceeds south it is less built-up.

The suburb is thought to be named after the rural town of St Albans (1852) and/or the St Albans homestead and horse stud (1873).

James Wilson was the very successful owner of the horse stud.

The census for 1871 recorded 312 people in St Albans, of whom about 40 per cent were Wesleyans. A Methodist church had been built in 1869, in Wilson Street about 600m north of the homestead.

Much of the built-up area in St Albans Park was created when the suburb was part of Whittington, particularly the part west of Wilson Street.

CoreLogic data indicates that the predominant age group in St Albans Park is 40-49 years with households in St Albans Park being primarily couples with children and are likely to be repaying on average $1,400 per month on mortgage repayments, and in general, people in St Albans Park work in a trades occupation.

 

AGENT PERSPECTIVE:

“St Albans Park is a fantastic area located on the outskirts of Geelong’s CBD, just 10 minutes from the Geelong Waterfront and Botanical Gardens.

“The location offers an abundance of conveniences, including nearby shopping centres, schools, public transport, and well-equipped playgrounds.

“Plus, it’s only 20 minutes to the Bellarine Peninsula. St Albans Park offers a range of property options, from affordable units to larger lifestyle properties on bigger lots.

“In the past 12 months, 51 houses have been sold in St Albans Park, with a median sale price of $570,000, and they typically sell in about 47 days.

“Meanwhile, 10 units have been sold with a median price of $452,000, taking around 25 days to sell.

“The area remains in high demand, showing excellent capital growth potential for homeowners and offering investors solid rental returns with an approximate yield of 4.5%.

“Whether you’re looking to purchase a home or invest, St Albans Park offers opportunities across a variety of price points.”

Tiffany Simpson – Director/Licensed Estate Agent, Hayeswinckle East Geelong

 

TIDBIT:

St Albans Park was detached from the suburb of Whittington in about 1999

Population: 4,942

Male: 47.4%

Female: 52.6%

Median age: 46

5 year population change: 2.2%

House median sales price: $570,000

Change in median price: (5yrs) 33.3%

Median asking rent per week: $470

Average length of ownership: 14 years

Owner occupiers: 78%

Renters: 22%

House median value:

July 2024: $537,130

July 2023: $562,000

July 2022: $588,000

July 2021: $550,000

July 2020: $434,800

House sales per annum:

Period ending July 2024: 50

Period ending July 2023: 66

Land median sale price:

July 2024: N/A

July 2023: N/A

Land sales per annum:

Period ending July 2024: 1

Period ending July 2023: 0