Question 1

Is Mont Albert a nice place to live?

Accepted Answer

Mont Albert is an inner-eastern Melbourne suburb with a quietly domestic, village feel centred on the shopping strip by the train station. Leafy streets show well preserved early 20th century homes and interwar bungalows alongside pockets of modern townhouses, giving the area a strong period character with some contemporary infill. The community of 4,948 people has a median age of 42 and is weighted towards families, with most homes owner-occupied. It tends to appeal to families and professionals who value peaceful residential streets, neighbourhood cafes and reliable public transport on the Lilydale and Belgrave lines.

Major rail works have replaced the former Mont Albert and Surrey Hills stops with a new Union Station and added public open space, including a heritage plaza and the Mont Albert Village Plaza where the restored 1911 station building has been rehomed. Nearby reserves and community sporting facilities, plus a playground upgrade being progressed by the City of Boroondara, mean there is local green space and recreation, while larger retail precincts are within easy reach. Whether Mont Albert suits you depends on whether you value period homes, a suburb weighted towards families and good public transport.

Question 2

Is it expensive to live in Mont Albert?

Accepted Answer

A median house in Mont Albert is $1,427,500, which is about 11.8 times a typical local household's annual income at the last Census. That multiple means buying a house sits well above what people locally earned at the last Census.

If you're renting, a house rent of $773 a week would take about 33.3% of a typical local household's weekly income at the last Census, a sizeable share, while a unit at $600 a week would take about 25.8%, a moderate share. On these figures, renting looks less stretched against local incomes than buying does, and whether that feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Mont Albert a good place to invest?

Accepted Answer

The clearest movement in Mont Albert over the past 12 months is in values: median house values fell 7.7% and median unit values fell 4.5%. On the income side, house rents decreased by 3.4% while unit rents rose 3.4%.

If rental income is your priority, the unit side showed modest rent growth while house rents eased; if capital growth matters more, both house and unit values declined over the year. Whether that mix fits your goals and circumstances is for you to weigh.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.43M	N/A
Change in value Past 12 months	-7.7%	-4.5%
Sold Past 3 months	12	9
Median days on market Past 12 months	49	49
Average rent Past 12 months	$773	$600
Change in rent Past 12 months	-3.4%	3.4%

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