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 62, Weekly median advertised rent $550

Mont Albert North Unit: Median price $920,000, Annual capital growth 8.00%, Number of sales 32, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

Mont Albert North is an average performer in VIC when comparing median price capital growth over the last year. Mont Albert North gave property investors a average capital gain figure when compared to the rest of the state, with 9.23%.

Over the longer term, Mont Albert North has seen property prices show investors a 52.34% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Mont Albert North is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 512th in terms of most discounted suburbs in VIC

Mont Albert North is 577th on a list of best yielding suburbs for rents in VIC with a 1.93% return

Investment property in Mont Albert North has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.95%

Across a shorter period, Mont Albert North, 3129 has seen a median price increase of -1.08% over the last quarter.

Vendor discounting in Mont Albert North is giving property investors an average Vendor Discount of around -5.40%. This puts suburb at number 123th in VIC when ranking the most discounted suburbs.

At number 508 in a list of fastest selling suburbs, Mont Albert North is in the TOP 40% of suburbs in Australia with an average of days on market 65.93 for properties listed there.

Situated 12.93km from the CBD, Mont Albert North is one of Whitehorse localities in the postcode 3129.

HOUSE UNIT
$1,480,000 $920,000
3.86% -1.08%
9.23% 3.95%
12.04% 8.00%
$550 $425
62 32
1.93% 2.40%
109.6 65.93

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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