Suburb Profile Report for Mont Albert VIC (3127)

Mont Albert House: Median price $1,980,000, Annual capital growth 11.43%, Number of sales 47, Weekly median advertised rent $700

Mont Albert Unit: Median price $688,000, Annual capital growth 6.60%, Number of sales 43, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,980,000 $688,000
5.68% -0.15%
6.11% 3.85%
11.43% 6.60%
$700 $400
47 43
1.84% 3.02%
147.27 39

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals