Suburb Profile Report for Mont Albert VIC (3127)

Mont Albert House: Median price $1,965,000, Annual capital growth 7.50%, Number of sales 39, Weekly median advertised rent $750

Mont Albert Unit: Median price $746,500, Annual capital growth 5.38%, Number of sales 32, Weekly median advertised rent $425

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

Mont Albert has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.48% to date .

Comparing Mont Albert,3127 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

In the last year 39 properties changed hands in Mont Albert, which puts it as the 471th most active market in VIC when comparing the number of sales per suburb.

A $750 per week rent on the median house gives suburb investors a gross yield of circa 1.98%, without taking into account capital value appreciation, which has been averaging out at 7.50%.

VIC has seen average median house prices change by 7.50% which means that Mont Albert, 3127 has done well for property investors by showing a capital gain of 3.02% over the last year

Vendor discounting in Mont Albert is giving property investors an average Vendor Discount of around -3.02%. This puts suburb at number 268th in VIC when ranking the most discounted suburbs.

In the last year 32 properties changed hands in Mont Albert, which puts it as the 213th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Mont Albert, 3127 is in the Whitehorse local government area.

Metrics i HOUSE UNIT
$1,965,000 $746,500
-0.25% N/A
-2.48% 3.02%
7.50% 5.38%
$750 $425
39 32
1.98% 2.96%
N/A 42.53

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4954
Median household income ($/weekly) 1849
Median age of persons 39
Median housing loan repayment ($/monthly) 2300
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 619 12.5
    25-34 years 563 11.4
    35-44 years 656 13.2
    45-54 years 779 15.7
    55-64 years 631 12.7
    Others 1706 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1970 52.0
    Not Married 1564 41.3
    Defacto Relationship 256 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3421 71.0
    Croatia 295 6.1
    Papua New Guinea 94 2.0
    United Kingdom 233 4.8
    Other 149 3.1
    Others 627 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 151 3.3
    Christianity 2800 60.9
    Hinduism 77 1.7
    Other Religious Groups 26 0.6
    No Religion 1505 32.7
    Others 37 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 169 10.5
    $2,000-$2,499 132 8.2
    $2,500-$2,999 212 13.2
    $3,000-$3,499 158 9.8
    $4,000 or more 155 9.6
    Others 783 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1553 39.4
    Not in the labour force 1253 31.8
    Employed, worked part-time 872 22.1
    Unemployed, looking for work 131 3.3
    Employed, away from work 128 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 419 16.4
    Professionals 1069 41.8
    Community & personal service workers 182 7.1
    Clerical & administrative workers 355 13.9
    Sales 239 9.4
    Others 292 11.4
    Occupation
    Census Count Percent(%)
    Pre-school 91 6.2
    Infants/Primary 412 28.1
    Secondary 411 28.1
    Technical or Further Educational Institution 104 7.1
    University or other Tertiary Institutions 402 27.4
    Others 45 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3314 70.2
    Semi-detached, row or terrace house, townhouse 877 18.6
    Flat, unit or apartment 530 11.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 696 39.6
    Being purchased 592 33.7
    Rented 461 26.2
    Other tenure type 10 0.6
    Tenure Type
Census 2011, ABS
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