Suburb Profile Report for Mont Albert North VIC (3129)

Mont Albert North House: Median price $1,425,000, Annual capital growth 11.39%, Number of sales 58, Weekly median advertised rent $538

Mont Albert North Unit: Median price $910,000, Annual capital growth 8.58%, Number of sales 32, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Mont Albert North, 3129 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.17%.

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.

Mont Albert North, 3129 is offering VIC ‘s 88th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

Using the current median advertised rental of $537.5 and the average annual increase in value of a median property of 11.39%, investors should hope to achieve an overall return of 1.96%

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 10.74%.

Mont Albert North,3129 has offered an average of 10.74% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Mont Albert North is giving property investors an average Vendor Discount of around -5.40%. This puts suburb at number 122th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.

HOUSE UNIT
$1,425,000 $910,000
0.00% N/A
5.17% 10.74%
11.39% 8.58%
$538 $410
58 32
1.96% 2.34%
110.53 62.38

Source: CoreLogic

DSR Score for property investment : Good (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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