Suburb Profile Report for Mont Albert North VIC (3129)

Mont Albert North House: Median price $1,480,000, Annual capital growth 12.04%, Number of sales 66, Weekly median advertised rent $550

Mont Albert North Unit: Median price $920,000, Annual capital growth 8.45%, Number of sales 28, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.27% which means that Mont Albert North, 3129 has done well for property investors by showing a capital gain of 5.15% over the last year

Taking the average capital gain, or increase in median house value, Mont Albert North,3129 has racked up an average of 5.15% over the period. This ranks it number 319th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Mont Albert North are currently offering property investors an average price cut of -11.54% below the asking price at the moment.

Property investors who have had real estate in Mont Albert North, 3129 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 2.34%

Taking the average capital gain, or increase in median house value, Mont Albert North,3129 has racked up an average of 2.34% over the period. This ranks it number 587th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Mont Albert North are currently offering property investors an average price cut of -7.27% below the asking price at the moment.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Metrics i HOUSE UNIT
$1,480,000 $920,000
3.86% -1.34%
5.15% 2.34%
12.04% 8.45%
$550 $420
66 28
1.93% 2.37%
102.42 70.3

Source: CoreLogic

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