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%