Get a property report and suburb profile for any property in Mont Albert North

Mont Albert North is a quiet, leafy eastern suburb of tree-lined streets and a mainly residential character. It attracts families and professionals who want larger blocks, local parks and a calmer street environment while staying near shopping and transport hubs like Box Hill. Koonung Creek Reserve and its cycling and walking trail provide a green spine for recreation, and buses plus easy access to nearby train stations make commuting straightforward.

Transport projects have reshaped the area: level crossings were removed and a new Union station replaced older stations, North East Link works are funding redevelopment at Elgar Park North East Oval, and a signalised crossing on Belmore Road is being installed to improve access to parks and the Koonung Creek Trail. Families predominate, with couple families with children just over half and about four in five households owner-occupied. Whether Mont Albert North suits you depends on valuing leafy streets, larger blocks, parks and transport.

Buying in Mont Albert North sits well above what local households earned at the last Census. The median house price of $1,480,000 works out to about 13.0 times a typical local annual household income at the last Census. Renting would take a sizeable share of local income: an average house rent of $850 a week is about 38.9% of a typical local household's weekly income at the last Census, while units at $690 a week are about 31.6% (roughly a third). Whether those figures feel expensive will depend on your own income and circumstances.

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

Unit values climbed 8.8% over the past 12 months, a notable rise, while house values in Mont Albert North were up a more modest 2.0% over the same period. Rents for both houses and units increased 6.2%, a solid gain for rental income over the year.

If rental income is your priority, the 6.2% rent growth is the figure that matters. If capital growth is your focus, unit values have outperformed houses this year. Whether that balance suits your objectives depends on your own goals and circumstances.

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.