Mont Albert North

Mont Albert North, VIC 3129, is a thriving suburb with a population of 5,609 residents. The area boasts a mix of age groups, with notable numbers in the 5-19 and 45-64 age brackets. The suburb offers good public transport options, with many residents commuting by train and with a significant percentage working from home. The educational advantage level in the region is high, with a Government Schools ICSEA percentile of 77.0. The median household income is above average, indicating a well-off community. For those looking to invest in houses, Mont Albert North's high sale Price IQR ratio suggests opportunities for renovations and value-adding projects. The market absorption rate indicates a balanced market, providing stable returns. Meanwhile, units in the suburb offer a higher rental yield than houses, making it an attractive option for investors seeking rental income and potentially good capital growth. Low vacancy rates in both housing types point to a high demand for rental properties. Mont Albert North presents as an appealing suburb for both home seekers and investors alike. With a strong community vibe, good educational facilities, and convenient transport options, it offers a high-quality lifestyle. Investors can capitalize on the suburb's potential for renovations in houses or enjoy attractive rental yields from units, all within a stable market environment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022