Suburb Profile Report for Mont Albert VIC (3127)

Mont Albert House: Median price $1,760,000, Annual capital growth 10.74%, Number of sales 42, Weekly median advertised rent $675

Mont Albert Unit: Median price $684,000, Annual capital growth 7.48%, Number of sales 40, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Mont Albert has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.32% to date .

The five-year average increase in median property values for Mont Albert,3127 has given property investors a potential capital gain of 39.13% across each of those five years.

A $675 per week rent on the median house gives suburb investors a gross yield of circa 1.99%, without taking into account capital value appreciation, which has been averaging out at 10.74%.

Investment property in Mont Albert has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.88%

When looking at the potential capital gains offered to property investors over the last 3 years, Mont Albert comes in at number 138th in VIC.

Mont Albert, 3127’s gross rental yield is 3.04%

HOUSE UNIT
$1,760,000 $684,000
-4.76% 1.33%
-3.32% 6.88%
10.74% 7.48%
$675 $400
42 40
1.99% 3.04%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4954
Median household income ($/weekly) 1849
Median age of persons 39
Median housing loan repayment ($/monthly) 2300
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 619 12.5
    25-34 years 563 11.4
    35-44 years 656 13.2
    45-54 years 779 15.7
    55-64 years 631 12.7
    Others 1706 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1970 52.0
    Not Married 1564 41.3
    Defacto Relationship 256 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3421 71.0
    Croatia 295 6.1
    Papua New Guinea 94 2.0
    United Kingdom 233 4.8
    Other 149 3.1
    Others 627 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 151 3.3
    Christianity 2800 60.9
    Hinduism 77 1.7
    Other Religious Groups 26 0.6
    No Religion 1505 32.7
    Others 37 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 169 10.5
    $2,000-$2,499 132 8.2
    $2,500-$2,999 212 13.2
    $3,000-$3,499 158 9.8
    $4,000 or more 155 9.6
    Others 783 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1553 39.4
    Not in the labour force 1253 31.8
    Employed, worked part-time 872 22.1
    Unemployed, looking for work 131 3.3
    Employed, away from work 128 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 419 16.4
    Professionals 1069 41.8
    Community & personal service workers 182 7.1
    Clerical & administrative workers 355 13.9
    Sales 239 9.4
    Others 292 11.4
    Occupation
    Census Count Percent(%)
    Pre-school 91 6.2
    Infants/Primary 412 28.1
    Secondary 411 28.1
    Technical or Further Educational Institution 104 7.1
    University or other Tertiary Institutions 402 27.4
    Others 45 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3314 70.2
    Semi-detached, row or terrace house, townhouse 877 18.6
    Flat, unit or apartment 530 11.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 696 39.6
    Being purchased 592 33.7
    Rented 461 26.2
    Other tenure type 10 0.6
    Tenure Type
Census 2011, ABS
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