Mont Albert
3127 VIC
Mont Albert, VIC 3127, with a population of 4948 residents, offers a balanced age distribution with a substantial number of professionals and managers residing in the area. The suburb has good access to public transport with a significant portion of residents commuting by train.
For houses, Mont Albert shows potential for renovators given the high Sale Price IQR Ratio, indicating opportunities for adding value. On the other hand, units offer a higher rental yield but with a lower Sale Price IQR Ratio compared to houses. The market absorption rate for both houses and units suggests a balanced market.
Mont Albert appeals to families and professionals seeking a well-connected suburb with educational advantages. Investors looking for renovation opportunities may find potential in houses, while those seeking higher rental yields could explore units. With a balanced market, Mont Albert presents a mix of investment opportunities for discerning buyers.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Mont Albert houses.
Median Price
$2.210M
# Sales
52
12M Growth
-6.9%
10Y Ave Growth
2.0%
Why Buyers Look Here
Owner occupier appeal — 70% owner-occupied — strong community stability and pride of ownership.
Tight supply — Only 0.8% of stock on market — limited turnover supports price growth.
Fast selling market — Properties sell in a median of 27 days — high buyer competition.
Capital Growth
Pricing and long-term growth profile for Mont Albert houses.
Median Price
$2.210M
# Sales
52
12M Growth
-6.9%
10Y Ave Growth
2.0%
Rental Market
Yield, rental pricing and vacancy performance for Mont Albert houses.
Weekly Rent
$795
Rental Yield
2.3%
Vacancy Rate
1.1%
Rentals Last 12M
45
Supply & Demand
Stock levels, days on market and selling conditions for Mont Albert.
Stock on Market
0.8%
Days on Market
27
Building Approvals
5.4%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Mont Albert.
Population
4,948
Owner Occupiers
70%
Median Income
$121k
IRSAD Rank
98
Recent Sales
Recently sold properties in Mont Albert.
