Suburb Profile Report for Mont Albert North VIC (3129)

Mont Albert North House: Median price $1,277,500, Annual capital growth 6.10%, Number of sales 64, Weekly median advertised rent $595

Mont Albert North Unit: Median price $988,000, Annual capital growth 7.83%, Number of sales 27, Weekly median advertised rent $505

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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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.

Information supplied by:


August 2018

M
O

W
E

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.

Metrics i HOUSE UNIT
$1,277,500 $988,000
3.04% -1.98%
-11.44% 4.55%
6.10% 7.83%
$595 $505
64 27
2.42% 2.66%
59.2 62.8666666666667

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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
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