Mont Albert (postcode 3127) is a smaller suburb in Victoria within the Whitehorse local government area. It is home to about 4,948 residents, with an established demographic and a median age of 42. Households earn a median income of $121K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
The median house price in Mont Albert is $2.4 million, having dipped slightly by 2.8% over the past year. Units have a median price of $800,000 (+0.5% YoY). The current median weekly rent is $678. This gives a gross rental yield of approximately 1.5%. 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.
On the investment side, Mont Albert shows a gross rental yield of approximately 1.5%, 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. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.