Suburb Profile Report for Mont Albert North VIC (3129)

Mont Albert North House: Median price $1,490,000, Annual capital growth 8.13%, Number of sales 56, Weekly median advertised rent $550

Mont Albert North Unit: Median price $990,250, Annual capital growth 6.89%, Number of sales 21, Weekly median advertised rent $460

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

Mont Albert North has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -5.10% to date .

While Mont Albert North,3129 ranked number 609th in VIC for increase in median house value (annualised) increase, it is ranked 132th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.19% offered to property buyers. Sellers in Mont Albert North itself are offering an average vendor discount of -3.64% to real estate investors.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 1.92%, without taking into account capital value appreciation, which has been averaging out at 8.13%.

Mont Albert North is in the bottom 20% in VIC when comparing median price capital growth over the last year. Mont Albert North gave property investors a dismal capital gain figure when compared to the rest of the state, with -2.92%.

The five-year average increase in median property values for Mont Albert North,3129 has given property investors a potential capital gain of 59.08% across each of those five years.

Mont Albert North3129 is located in VIC which offers an average discount of -4.65% to property investors. Mont Albert North itself is showing figures that indicate -9.67% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

The VIC suburb of Mont Albert North, 3129 is in the Whitehorse local government area.

Information supplied by:


August 2018

M
O

W
E
Known for the local milk bar, which has been featured on TV, the suburb of Mont Albert North saw housing stock tighten over the year to May 2018Full summary

Supply drops in slowing suburb

Postcode: 3129

Median house price: $1,550,000

Stock on market: -47.6%

12-month growth: 3.0%

Known for the local milk bar, which has been featured on TV, the suburb of Mont Albert North saw housing stock tighten over the year to May 2018.

Growth in this suburb has slowed, as house prices increased by just 3% in this period, while in the three months to the May 2018 quarter, values slipped by 0.3%. Nonetheless, the average annual growth rate for Mont Albert North is still strong at 8.7%, suggesting that the slowdown is a recent occurrence likely in response to the overall property market situation in the state.

Mont Albert North has two schools, namely, Konung Secondary College and Box Hill Senior Secondary College. It is bordered by the Eastern Freeway in the north, and is less than half an hour’s drive from Melbourne via the M3.

Close
Metrics i HOUSE UNIT
$1,490,000 $990,250
-2.93% -1.02%
-5.10% -2.92%
8.13% 6.89%
$550 $460
56 21
1.92% 2.42%
50.6 73.54

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Mont Albert North VIC
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
Chart Table
Recent sales & rentals