Property value increases in Mont Albert North have tracked lower than the VIC average of -1.79% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Mont Albert North comes in at number 671th in VIC.
Property investors looking for a bargain in Mont Albert North should be aiming for at least -5.41% off the asking price, which is the average vendor discount being achieved at the moment.
At number 703 in a list of fastest selling suburbs, Mont Albert North is in the TOP 20% of suburbs in Australia with an average of days on market 58.1818 for properties listed there.
Property investors who have had real estate in Mont Albert North, 3129 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.14%
Taking the average capital gain, or increase in median house value, Mont Albert North,3129 has racked up an average of -1.14% over the period. This ranks it number 713th in the whole country for real estate investors looking at median house price increases.
Residents and property investors in Mont Albert North have been waiting around 77.0909 days to sell a property.
Information supplied by:
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.