Are you looking to purchase a home or investment property in the sought after suburb of Albion?
We as Albion Buyers Agent and Brisbane experts have made it easy for you by compiling everything we know into this Albion Buyers Guide. This article will share with you what is important to know when choosing a place to live or to invest in.
Albion is located approximately 6km from the Brisbane CBD towards the northeast. The area is known for its heritage listed & popular pubs (Breakfast Creek Hotel, Albion Exchange Hotel & The Albion Hotel). There are desirable pockets within Albion, Brisbane that have wide streets with character homes that are elevated to take in the city views.
There are a large number of landmarks established in Albion. Aside from the Hotels, Albion has 25 additional Heritage listed sites, a place full of character. Albion has a mix of high-density unit complexes, town houses & character protected Queenslanders. Albion also provides commercial, industrial and large green spaces that take up most of the small city fringe suburb.
To the north end of Albion you do have access to a designated train line, this is located close to the residential areas so is very convenient for access to the CBD. You are only three stations away from the city centre so it is a short and sweet journey. The train line would be the number one most popular transport option for this location. A large chunk of Albion closer to the river is zoned Industrial, which does not have any designated transport corridors.
The primary state school options for Albion are very desirable; there are four enrollment managed schools depending on where you live in Albion. Windor State School, Wooloowin State School, Ascot State School & Eagle Junction State School. For high school Albion is currently sitting in Kedron State high School with is also a desirable enrollment managed school. With the new construction of the Brand new vertical school Fortitude Valley State Secondary College will have future acceptance for the south end of Albion. To check the school catchments please click on the following link HERE.
Education preferences is a very personal decision and in this Albion Buyers Guide we have not ranked the schools, please conduct your own research to determine what is most important to you when it comes to education.
Now Albion has in the past been more of a convenient location to travel to the surrounding areas that give a lot of desirable amenities. Driving to Clayfield, Gasworks, Ascot, Kedron brook road is all easy access from Albion. However, as Brisbane changes there is a lot happening to modernise and revamp Albion.
The Albion Exchange development will bring a long list of benefits to the area. According to the development application, the proposed $750 million development aims to connect the east and west of Albion, which is currently segregated by the train line. The development will position the site as a community hub that provides new residential accommodation, office space, dining and shopping facilities, including $28.7M of upgraded transport facilities and public access to the Albion Train Station.
There is also the proposed Lamingtion Markets in Lutwyche, which would be a short walk from the residential properties in Albion, this is a game changer for the area. Click on the links to read more about the new developments coming to Albion.
There are two designated green spaces that are a short walk from any location within Albion.
Windsor Park is an open green space that can be enjoyed see diagram of this park pictured. Crosby Park is home to the Brother’s Rugby Club and Albion dog park. For those that are active walking to the Brisbane River will give you an expansive boardwalk to keep you moving with options to walk to Teneriffe or to the east through Hamilton.
Majority of locals living in Albion would commute to the CBD, there is still easy access to the Airport from Albion’s central location and there is access to the Tunnels that can take you north, to the CBD or skip the city to the Southside.
Typical Block Size & House type
Albion is where you find a mix of large family homes on large blocks of land and some smaller developments coming to the area by splitting the larger blocks into smaller ones, the majority of the residential streets in the suburb are typically either on 405sqm or 810sqm bocks. A few of the 810sqm blocks have a house on them that is too large to move to one side so will remain a 810sqm block.
In Albion the majority of properties are character Queenslanders. Queenslanders in Brisbane are protected from demolition so most families in the area add modern extensions on the back or stick to the true character of the home through a renovation. The back entertaining extensions work a treat for those properties that have city views.
Albion is an area with mixed demographics but high wealth occupying the houses in this suburb, the weekly family income is at $2,569 (qld avg. $1,661). According to SQM research, the percentage of owner-occupiers is at 40.12% and 59.88% for renters. This is to be taken with a grain of salt as this would reflect the high rises and smaller unit complexes in the location that have been purchased by investors.
Most Desirable Area
Before I get into the most desirable area lets break down Albion’s Zoning.
|This section of Albion to the south is all zoned either Industrial (purple) or high density residential and commercial. there is no low density residential in this section of Albion.||This Section of Albion is the central location. This is where you will find High density unit complexes and commercial/shopping hub. This will be development zone for the Albion Exchange development.|
|This pocket of Albion is where there is medium density residential so some areas have small unit complexes and town homes. there is a lot of character Queensland homes in this area as well that are protected from demolition. The remainder of this section are pre-war homes that are protected from demolition.||This section on Albion is to the north, it is an elevated position with a few streets that achieve city views. Homes that are close to the Train line (yellow) are impacted by the noise. A lot of the homes in this pocket are pre-war and protected from demolition.|
There are not many highly desirable pockets in Albion to choose from, when you break down the suburb, a very small portion of it is residential housing so there is not much choice. The most desirable position is to the north of Albion on the left side of the train line, these houses are free from flooding, have clear city views and are very centrally located. Streets like Stoneleigh Street and Marne Road are highly elevated and desirable.
Least Desirable Area
The least desirable locations for houses would be within the noise-impacted areas by the train line and Sandgate road. This noise is heavy and can impact on the peaceful enjoyment of a property. There are also a couple of streets that are very close to the industrial sections on Albion and these areas would have some impact that may make them less desirable than the north-west section of Albion.
Median Price Values
Median Price values in Albion are $876,000 with the upper quartile price at $960,000 and the lower quartile price sitting at $735,000.
The capital growth rate for Albion over the last 5 years has been 20% for houses and -8.5% for units.
I hope the information in this Albion Buyers Guide has been helpful on your quest to buy your next property in Albion. If you need further help to secure a property in this location we can help, please reach out by booking a discovery call through the link below.