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Property investors enjoyed capital gains of 8.4% over the last 12 months in MONT ALBERT NORTH, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 2.67% growth over a ten-year period. It ranks 3612th on our list of suburbs that property investors should look into.
MONT ALBERT NORTH, 3129 has a capital gain of 8.4% for the past year, which is higher than average compared to its 20.59% growth within a five-year period.
With the median home price in MONT ALBERT NORTH sitting at $1,710,000, and the average rent at $750, property owners could potentially earn a 2.28% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MONT ALBERT NORTH are low, as opposed to average gains per annum over the past five years.
MONT ALBERT NORTH, 3129 in VIC belongs to the local government area of Whitehorse.
Mont Albert North is a suburb of Whitehorse, approximately 13 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has 5,609 residents, with a median age of 43.
The suburb is characterised by its quiet, leafy streets and a strong sense of community. Housing in Mont Albert North primarily consists of separate houses, a mix of classic mid-century homes, charming weatherboard houses, and modern developments. This variety provides diverse living options to suit different lifestyles.
Mont Albert North offers several parks and recreational facilities, including the Koonung Creek Reserve, which features walking and cycling trails connecting to the extensive Eastern Freeway Trail. Elgar Park and local playgrounds provide further outdoor activities and family fun opportunities.
The suburb is conveniently located near shopping options, with local cafes and shops along Belmore Road. Additionally, residents can access larger retail centres such as Box Hill Central and Westfield Doncaster, which offer a wider range of retail and dining experiences.
In terms of education, Mont Albert North is within the catchment area of the highly regarded Koonung Secondary College. He is also close to reputable schools such as Mont Albert Primary and Birralee Primary School. The proximity to prestigious private schools in neighbouring suburbs further enhances its appeal to families.
Public transportation in Mont Albert North includes bus services throughout the suburb, linking residents to nearby train stations and surrounding areas. The suburb also has easy access to the Eastern Freeway, facilitating a quick commute to Melbourne's CBD.
In terms of housing, the median property price for a house in Mont Albert North is approximately $1,580,000, with an annual capital growth of -9.06%. Rental yields for houses are currently around 2.28%, with a median weekly rent of $700.
Mont Albert North offers a blend of suburban charm and modern convenience, making it an attractive location for families, professionals, and retirees seeking a balanced lifestyle.