Suburb Profile Report for Mont Albert North VIC (3129)

Mont Albert North House: Median price $1,500,000, Annual capital growth 11.68%, Number of sales 69, Weekly median advertised rent $550

Mont Albert North Unit: Median price $1,000,000, Annual capital growth 10.50%, Number of sales 27, Weekly median advertised rent $433

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 6.57% for the last 12 months, Mont Albert North, 3129 has performed for property investments than its average annual 11.68% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Mont Albert North comes in at number 73th in VIC.

The most recent median price for Mont Albert North is $1500000, with sellers offering an average of -11.54% off the asking price.

With the median price for a house in Mont Albert North being $1500000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 1.91%

VIC has seen average median house prices change by 4.83% which means that Mont Albert North, 3129 has done well for property investors by showing a capital gain of 11.36% over the last year

Mont Albert North,3129 was ranked 233 in Australia by increase in median property value over the quarter.

In the last year 27 properties changed hands in Mont Albert North, which puts it as the 266th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $432.5 and the average annual increase in value of a median property of 10.50%, investors should hope to achieve an overall return of 2.25%

Metrics i HOUSE UNIT
$1,500,000 $1,000,000
2.74% 6.38%
6.57% 11.36%
11.68% 10.50%
$550 $433
69 27
1.91% 2.25%
74.42 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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