Suburb Profile Report for Mont Albert North VIC (3129)

Mont Albert North House: Median price $1,401,000, Annual capital growth 11.65%, Number of sales 56, Weekly median advertised rent $525

Mont Albert North Unit: Median price $910,000, Annual capital growth 8.87%, Number of sales 32, Weekly median advertised rent $418

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

Source: CoreLogic

  • House Report
  • Unit Report

Mont Albert North, 3129 ranked 432th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mont Albert North is one of 2098 in our list for VIC

Over the longer term, Mont Albert North has seen property prices show investors a 55.67% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mont Albert North, 3129. Typically our figures indicate that -8.48% is being offered, which puts this VIC suburb at 631th most discounted overall in Australia.

Mont Albert North, 3129’s gross rental yield is 1.95%

Mont Albert North is in the TOP 20% in VIC when comparing median price capital growth over the last year. Mont Albert North gave property investors a very good capital gain figure when compared to the rest of the state, with 11.45%.

Taking the average capital gain, or increase in median house value, Mont Albert North,3129 has racked up an average of 11.45% over the period. This ranks it number 118th in the whole country for real estate investors looking at median house price increases.

Mont Albert North, 3129 is offering VIC ‘s 133th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Residents and property investors in Mont Albert North have been waiting around 62.93 days to sell a property.

Property investors should expect to get $417.5 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,401,000 $910,000
1.52% 1.34%
5.74% 11.45%
11.65% 8.87%
$525 $418
56 32
1.95% 2.39%
105.68 62.93

Source: CoreLogic

DSR Score for property investment : Balanced (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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