Mont Albert is a smaller suburb in Victoria within the Whitehorse local government area (postcode 3127). With a population of 4,948, the suburb has an established demographic with a median age of 42. Households earn a median income of $121K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Mont Albert is $2.4 million, having dipped slightly 2.8% over the past year. Units have a median price of $796,000 (+3.4% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,500.
Mont Albert is served by 1 school, including 1 primary. The average ICSEA score is 1149, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 21 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Mont Albert offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.4M/$875K), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved -2.8% year-on-year.
Mont Albert is a smaller suburb in Victoria within the Whitehorse local government area (postcode 3127). With a population of 4,948, the suburb has an established demographic with a median age of 42. Households earn a median income of $121K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Mont Albert is $2.4 million, having dipped slightly 2.8% over the past year. Units have a median price of $796,000 (+3.4% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,500.
Mont Albert is served by 1 school, including 1 primary. The average ICSEA score is 1149, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 21 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Mont Albert offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.4M/$875K), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved -2.8% year-on-year.