You are trying to work out whether Albion is still a value buy or just Sunshine-adjacent pricing with fewer listings. The short answer: houses sit around $743,905, units around $413,024, and the gap between them matters more than the headline median.
The Verdict
The best read on Albion in early 2026 is the median house at $743,905, because it tells you where the suburb’s real buyer competition is sitting. That figure is based on settled sales reported through REIV, Domain, and CoreLogic, not agent wish lists, and it is up 2.0% year on year. A typical 3-bedroom house is the market’s centre of gravity here: big enough for families and first-home buyers stretching past units, but still below the 4-bedroom median of $967,076.
Units are the cleaner budget play at $413,024, with a 1.9% year-on-year lift and a lower 20% deposit target of about $82,604. But the yield difference is worth noticing: houses show a 4.2% annual yield on a 3-bedroom rental median of $619 per week, while 2-bedroom units sit at $267 per week and 3.5%. That does not make every house a better investment, but it does mean the median house number carries more weight if you are comparing Albion with nearby western-suburb alternatives. Don’t read the 5+ bedroom median of $1,190,248 as the normal Albion market; if you use that as your anchor, you will overestimate what most buyers are actually chasing.
Local Reality
Albion is not a huge, endless market, so the 131 settled sales over the last 12 months matter. A small pool means one renovated family home near Albion Station or a tidy block closer to Sunshine can make the street feel hotter than the suburb-wide median suggests. The median days on market is 50 days, which points to a balanced but still selective market: good houses do not sit forever, but buyers are not being forced to throw silly money at every listing.
The auction clearance rate is 72%, so you should assume quality houses still pull competition, especially when they are close to the station, Ballarat Road access, or the Sunshine side of Albion where buyers start comparing commute and amenity. The vacancy rate is 2.2%, which is balanced with a slight tenant advantage. That is useful for investors because it says the rental market is not screamingly tight, but it also is not soft enough to ignore.
Skip this if you are only looking for a bargain suburb with no competition; Albion is already on the radar for buyers priced out of stronger inner-west and middle-west pockets. If you are west of the station and your search is really about bigger blocks or more stock, you may need to compare Sunshine and Deer Park rather than pretending Albion alone will give you every option.
Who This Suits
If you are a first-home buyer, use the unit median of $413,024 as your cleanest entry point, then compare the 2-bedroom unit range of $351,070 to $474,977 against your actual borrowing limit. If you are a young family, the 3-bedroom house median of $743,905 is the number to plan around, because that is where the suburb’s main liveable house market sits. If you are upgrading, expect the 4-bedroom median of $967,076 to be the more honest target. If you are an investor, pay more attention to the 4.2% house yield than the headline growth rate.
Cost expectations are plain: a median house needs a 20% deposit of about $148,781 before purchase costs, and the estimated stamp duty is $40,914, or $33,475 for first-home buyers with concessions. A median unit needs about $82,604 for a 20% deposit. The jump from a 2-bedroom house at $520,733 to a 3-bedroom house at $743,905 is not a cosmetic upgrade; it is the point where family demand starts pricing in.
Timing matters. Early-year data can understate how spring listings change the choice set, while winter can make thin stock feel even thinner. If you are buying a house, watch auction weeks and do not judge the whole suburb from one passed-in result. If you are buying a unit, you can usually afford to be more patient because the growth rate is steady rather than explosive.
What to Do Next
Use $743,905 as your house benchmark, then inspect anything 10% below or above it with sharper questions about condition, exact location, and bedrooms. For the fuller suburb read, go to the Albion property market guide.
Current Median Prices
| Property Type | Median Price | YoY Change | Rental Yield |
|---|---|---|---|
| Houses | $743,905 | +2.0% | 4.2% |
| Units/Apartments | $413,024 | +1.9% | 3.5% |
Market Indicators:
- Days on market (median): 50 days
- Auction clearance rate: 72%
- Total sales (last 12 months): 131 settled
Price Breakdown by Bedroom Count
Houses
| Bedrooms | Median Price | Price Range |
|---|---|---|
| 2-bedroom | $520,733 | $446,343 - $595,124 |
| 3-bedroom | $743,905 | $632,319 - $855,490 |
| 4-bedroom | $967,076 | $855,490 - $1,115,857 |
| 5+ bedroom | $1,190,248 | $1,041,466 - $1,487,810 |
Units & Apartments
| Bedrooms | Median Price | Price Range |
|---|---|---|
| 1-bedroom | $309,768 | $247,814 - $351,070 |
| 2-bedroom | $413,024 | $351,070 - $474,977 |
| 3-bedroom | $557,582 | $495,628 - $619,536 |
Growth Trend (5-Year View)
| Year | House Median | Unit Median |
|---|---|---|
| 2022 | $688,108 | $382,343 |
| 2023 | $701,652 | $389,793 |
| 2024 | $715,463 | $397,387 |
| 2025 | $729,545 | $405,130 |
| 2026 (YTD) | $743,905 | $413,024 |
Rental Market
Current rental medians in Albion:
| Property Type | Weekly Rent | Annual Yield |
|---|---|---|
| House (3br) | $619/wk | 4.2% |
| Unit (2br) | $267/wk | 3.5% |
Vacancy rate: 2.2% (balanced, slight tenant advantage)
Data sources: REIV quarterly median reports, Domain suburb profiles, CoreLogic RP Data. Figures represent settled sales for the 12 months to March 2026. Individual sale prices vary significantly based on condition, aspect, and exact location.
