Property investors who have had real estate in Mont Albert, 3127 should be ok 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 6.11%
Taking the average capital gain, or increase in median house value, Mont Albert,3127 has racked up an average of 6.11% over the period. This ranks it number 974th in the whole country for real estate investors looking at median house price increases.
Mont Albert3127 is located in VIC which offers an average discount of -5.71% to property investors. Mont Albert itself is showing figures that indicate -14.34% is the average achievable by property buyers investing in the suburb.
Mont Albert, 3127’s gross rental yield is 1.84%
VIC has seen average median house prices change by 4.83% which means that Mont Albert, 3127 has done well for property investors by showing a capital gain of 3.85% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mont Albert has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Mont Albert is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in VIC
At number 120 in a list of fastest selling suburbs, Mont Albert is in the TOP 10% of suburbs in Australia with an average of days on market 39 for properties listed there.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.60%, investors should hope to achieve an overall return of 3.02%