VIC has seen average median house prices change by 0.01% which means that Mont Albert North, 3129 has done well for property investors by showing a capital gain of -11.44% over the last year
Comparing Mont Albert North,3129 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
A $595 per week rent on the median house gives suburb investors a gross yield of circa 2.42%, without taking into account capital value appreciation, which has been averaging out at 6.10%.
Mont Albert North has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.55% to date .
Over the longer term, Mont Albert North has seen property prices show investors a 5.95% return over the last 3 years. This is worse than over the last 12 months
The VIC suburb of Mont Albert North, 3129 is in the Whitehorse (C) local government area.
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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.