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.
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