Suburb Profile Report for Mont Albert North VIC (3129)

Mont Albert North House: Median price $1,415,000, Annual capital growth 11.04%, Number of sales 55, Weekly median advertised rent $530

Mont Albert North Unit: Median price $898,000, Annual capital growth 8.40%, Number of sales 33, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Mont Albert North 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 6.79%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mont Albert North has increased when compared to the 5 year average annual rate.

The most recent median price for Mont Albert North is $1415000, with sellers offering an average of -8.48% off the asking price.

The VIC suburb of Mont Albert North, 3129 is in the Whitehorse local government area.

If you compare the increase in value of investment property in Mont Albert North, 3129 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.90%.

Comparing Mont Albert North,3129 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -5.40% to buyers in Mont Albert North at the moment, which is less than average for the rest of VIC.

In the last year 33 properties changed hands in Mont Albert North, which puts it as the 246th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Mont Albert North being $898000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 2.43%

HOUSE UNIT
$1,415,000 $898,000
2.54% 0.01%
6.79% 6.90%
11.04% 8.40%
$530 $420
55 33
1.95% 2.43%
95.52 59.64

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 5086
Median household income ($/weekly) 1607
Median age of persons 40
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 650 12.8
    25-34 years 464 9.1
    35-44 years 757 14.9
    45-54 years 747 14.7
    55-64 years 633 12.4
    Others 1836 36.1
    Age Group
    Census Count Percent(%)
    Registered Married 2056 53.8
    Not Married 1559 40.8
    Defacto Relationship 210 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3518 71.0
    Croatia 313 6.3
    Malta 147 3.0
    United Kingdom 183 3.7
    Other 151 3.0
    Others 646 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 195 4.1
    Christianity 2947 62.0
    Hinduism 52 1.1
    Islam 30 0.6
    No Religion 1491 31.3
    Others 42 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 135 8.1
    $800-$999 135 8.1
    $1,500-$1,999 201 12.1
    $2,000-$2,499 163 9.8
    $2,500-$2,999 194 11.7
    Others 830 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1474 36.8
    Not in the labour force 1393 34.7
    Employed, worked part-time 901 22.5
    Employed, away from work 124 3.1
    Unemployed, looking for work 118 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 382 15.3
    Professionals 885 35.4
    Technicians & trades workers 227 9.1
    Clerical & administrative workers 385 15.4
    Sales 219 8.8
    Others 402 16.1
    Occupation
    Census Count Percent(%)
    Pre-school 107 7.9
    Infants/Primary 412 30.2
    Secondary 387 28.4
    Technical or Further Educational Institution 101 7.4
    University or other Tertiary Institutions 311 22.8
    Others 45 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3946 81.6
    Semi-detached, row or terrace house, townhouse 807 16.7
    Flat, unit or apartment 75 1.6
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 818 45.0
    Being purchased 667 36.7
    Rented 327 18.0
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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