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Mont Albert

POSTAL CODE: VIC, 3127
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Based on its average 5-year and quarterly capital gains MONT ALBERT, 3127 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MONT ALBERT, 3127 obtained a 3.47% growth over a ten-year period. It ranks 3431st on our list of suburbs that property investors should look into.

MONT ALBERT, 3127 in VIC belongs to the local government area of Whitehorse.

MONT ALBERT, 3127 has a capital gain of 3.05% for the past year, which is lower than average compared to its 19.43% growth within a five-year period.

With the median home price in MONT ALBERT sitting at $2,502,000, and the average rent at $865, property owners could potentially earn a 1.8% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MONT ALBERT are low, as opposed to average gains per annum over the past five years.

Surburb overview

Mont Albert is an inner-eastern suburb of Melbourne, located approximately 12 kilometres east of the Central Business District. According to the 2021 Census, it has a population of 4,948.

The suburb is known for its tree-lined streets and elegant period homes, including Edwardian and Victorian residences, many of which have been meticulously restored. This architectural charm contributes to Mont Albert's picturesque and tranquil atmosphere.

Mont Albert offers a variety of amenities, with the main shopping area located along Hamilton Street. This charming village-like strip features boutique stores, gourmet cafes, and essential services catering to the daily needs of residents. For more extensive shopping options, Box Hill Central and Westfield Doncaster are just a short drive away, offering a wide array of retail, dining, and entertainment facilities.

The suburb is well-served by public transportation. The Mont Albert railway station, positioned on Churchill Street, ran through the suburb. Opened in August 1890, this three-platform station ran along the Belgrave/Lilydale Line. Services offered were in towards the city (Flinders Street Station) or out to Blackburn, Belgrave or Lilydale, run by Metro Trains. The station was closed on 17 February 2023 as part of the Level Crossing Removal Project with the new Union Station northern entrance in Mont Albert.

In terms of housing, the median property price for a house in Mont Albert is approximately $2,385,000, with an annual capital growth of 1.49%. Rental yields for houses are currently around 1.94%, with a median weekly rent of $800.

Mont Albert offers a blend of historic charm and modern convenience, making it a highly sought-after location for families, professionals, and retirees.

 

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