Skip to content
over55s.au

The Alba Albert Park Lake

Retirement villageExistingOperator unverified·114 Albert Road, South Melbourne VIC 3205
This is a retirement village. Operated under the state Retirement Villages Act. Residents typically hold a long-term lease or loan-licence — you don't own the unit outright. A Deferred Management Fee (DMF) usually applies on exit (commonly 25–35% over 5–10 years). How DMF works →
Operator: add photos →
Operator: add photos →
Operator: add photos →

About

The Alba Albert Park Lake is an established retirement village in South Melbourne, positioned close to the cultural and recreational amenities of Albert Park Lake. The village provides a supportive community environment designed for over 55s seeking an independent yet connected lifestyle.

Residents enjoy access to a diverse range of facilities, including an in-house cinema, café, Healthy Ageing Studio, massage and therapy rooms, and a state-of-the-art rehabilitation gym. Additional amenities include hairdressing and beauty therapy services, group activity spaces, and landscaped garden areas that encourage both relaxation and social engagement.

This is a residential retirement village community. Please note that the village does not permit pets.

The facts

Accommodation type
Retirement village
Development status
Existing
Address
114 Albert Road, South Melbourne VIC 3205
Year built
Operator to confirm
Bedrooms
Operator to confirm
Pet policy
Operator to confirm

Amenities (8)

In-house cinemaCaféHealthy Ageing StudioMassage and therapy roomsState-of-the-art rehabilitation gymGroup activity roomHairdressing and beauty therapyGarden spaces

Location

Loading map…

Related guides

DMF (Deferred Management Fee) explained — Australia, 2026

The Deferred Management Fee is the largest single cost in most Australian retirement village contracts — typically 25%-40% of the unit's purchase or resale price, accruing over 3-10 years. This guide covers how DMFs are calculated, recent NSW 2025 and Victoria 2026 reforms, pension implications, and when a no-DMF contract is the better choice.

Loan-licence vs leasehold vs strata: village contract types in Australia

Three contract structures dominate Australian retirement villages. Each has different implications for ownership, capital gain, exit terms, and stamp duty.

20 questions to ask before signing a village contract

A retirement village contract is one of the largest financial decisions a household will make in retirement. These are the 20 questions that surface the answers the brochure does not.

Frequently asked questions

  • What amenities and facilities does The Alba Albert Park Lake have?
    The Alba Albert Park Lake offers a range of facilities designed for active retirement living. These include an in-house cinema, café, Healthy Ageing Studio, massage and therapy rooms, a state-of-the-art rehabilitation gym, a group activity room, hairdressing and beauty therapy services, and garden spaces.
  • Are pets allowed at The Alba Albert Park Lake?
    Pets are not listed as a permitted feature at The Alba Albert Park Lake. If you have a pet or are considering one, we'd recommend reaching out to the village directly to discuss their current pet policy.
  • Where is The Alba Albert Park Lake located?
    The Alba Albert Park Lake is located in South Melbourne, Victoria. This inner-city suburb is known for its tree-lined streets, proximity to Albert Park Lake, and convenient access to shops, services, and public transport.
  • What kind of community is The Alba Albert Park Lake?
    The Alba Albert Park Lake is a retirement village in Victoria. In a retirement village, residents typically enjoy independent living in their own homes while having access to shared facilities and services that support an active and social lifestyle.

Run The Alba Albert Park Lake? Claim this listing for free to write your own answers and add pricing, photos and contact details.

Nearby villages

Other retirement villages and over-55s communities in Victoria.

Enquire about this village