Mont Albert North is in the bottom 10% 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 -11.31%.
If we look at median property appreciation over just the last three months, Mont Albert North has given property investors a paper return of -4.60%. This puts Suburb as 619 on a list of fastest fasting appreciating suburbs in VIC
At number 1433 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 58.72 for properties listed there.
Property investors should expect to get $560 weekly from the median priced house in this suburb.
With a capital gain of 5.00% for the last 12 months, Mont Albert North, 3129 has performed for property investments than its average annual 8.54% property growth over the last 5 years.
The five-year average increase in median property values for Mont Albert North,3129 has given property investors a potential capital gain of 39.07% across each of those five years.
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
Mont Albert North is 355th on a list of best yielding suburbs for rents in VIC with a 2.33% return
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
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Supply drops in slowing suburb
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