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Mont Albert North, VIC 3129

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Median House

$1,650,000

market range $1.4M-$1.8M

Median Unit

$815,000

market range $775K-$1.3M

Gross Yield (houses)

2.6%

1yr Growth (houses)

+4.0%

market range -10.0% to +7.5%

Investment snapshot for Mont Albert North

Mont Albert North has enough public data for first-pass screening across yield, vacancy, price and supply signals.

Read the full Mont Albert North verdict

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Mont Albert North market and investor summary

Mont Albert North (VIC 3129) runs a median house price of $1.6M, with houses yielding a gross 2.6%. House prices have moved +4.0% over the past year. At 3.4% vacancy, it is a softer rental market with more choice for tenants.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.6% will not cover holding costs in the early years, so the case leans on price appreciation.

Living in Mont Albert North: people, income and schools

Mont Albert North is home to around 5,609 people, a number that has held fairly steady over five years. The median age is 43, skewed a little older, and 81% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

Households here earn a median of about $114,000 a year, or roughly $2,180 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.5 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

There are 67 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 13 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 58 for walkability and 72 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).

Population
5,609
+5% over 5yr
Median age
43 years
Median household income
$114,000/yr
Households renting
19%
Family households
56%
Socio-economic rank
9/10
ABS advantage index
Schools within 5km
67
avg ICSEA 1098
Unemployment
4.3%
Distance to CBD
13 km
Walk score
58/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Mont Albert North

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Frequently asked questions about Mont Albert North

What should I check before investing in Mont Albert North?

Mont Albert North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.0% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Mont Albert North?

The median property price in Mont Albert North, VIC 3129 is $1.6M for houses and $815K for units.

What rental yield does Mont Albert North show?

The gross rental yield in Mont Albert North is 2.6% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Mont Albert North?

House prices in Mont Albert North are up 4.0% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Mont Albert North?

The current vacancy rate in Mont Albert North is 3.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.

How many people live in Mont Albert North?

Mont Albert North has a population of approximately 5,609 residents, with a median age of 43.

What schools are near Mont Albert North?

There are 67 schools within roughly 5km of Mont Albert North. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Mont Albert North affordable to buy in?

A median house in Mont Albert North costs about 14.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Mont Albert North's population growing?

The population of Mont Albert North has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Mont Albert North from the CBD?

Mont Albert North is about 13 km from the CBD.

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