Property investors who have had real estate in Mont Albert, 3127 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.27%
If we look at median property appreciation over just the last three months, Mont Albert has given property investors a paper return of 6.45%. This puts Suburb as 61 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Mont Albert is giving property investors an average Vendor Discount of around -14.34%. This puts suburb at number 13th in VIC when ranking the most discounted suburbs.
At number 3641 in a list of fastest selling suburbs, Mont Albert is in the bottom 10% of suburbs in Australia with an average of days on market 151.66 for properties listed there.
Using the current median advertised rental of $705 and the average annual increase in value of a median property of 10.67%, investors should hope to achieve an overall return of 1.96%
Investment property in Mont Albert has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.64%
Mont Albert,3127 was ranked 1213 in Australia by increase in median property value over the quarter.
Property investors should expect to get $400 weekly from the median priced house in this suburb.