The Victorian government has announced imminent changes to stamp duty. From 1 July 2017, the generous stamp duty concessions now allowed for off-the-plan purchases will no longer be available to investors, but investors who buy before 30 June can still enjoy those concessions.

Mont Albert is a highly sought after property hub. Investors and owner occupiers alike identify the value in the leafy green suburb, with an abundance of parkland, prestigious schools and strong rental returns.

Only 800 metres from Box Hill, Residence East capitalises on Box Hill’s booming property market, yet maintains the highly exclusive Mont Albert address.

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HIGH POPULATION GROWTH IN MONT ALBERT

Population growth in Mont Albert (12.1%) and Box Hill (12.2%) is higher than that of Greater Melbourne (11.3%).

ABOVE AVERAGE TOTAL HOUSEHOLD INCOME

Total Household Income, annually in Mont Albert is $96,148 compared to Greater Melbourne $69,316.

MEDIAN CAPITAL VALUE INCREASE

From June 2013 Mont Albert's median capital value was $520,500 compared to June 2016 where it's increased to $630,000.

MONT ALBERT IS IN HIGH PROPERTY DEMAND

In comparison to its neighbouring suburbs, Balwyn, Box Hill and Doncaster, demand for property in Mont Albert is extremely high.

LOCATED NEXT TO THE LARGEST TRANSPORT HUB IN THE EASTERN SUBURBS, BOX HILL

Box Hill also has the largest transport hub in the Eastern suburbs and includes two trains lines, tram and 21 bus routes as well as easy access to the Eastern Freeway.

ACCESS TO MELBOURNE’S RENOWNED EDUCATIONAL FACILITIES

Prestigious local schools in the area include: Fintona Girls, Camberwell Girls Grammar, Camberwell Boys Grammar and Our Holy Redeemer.

FUTURE GROWTH AND INVESTMENT FOR THE AREA

Box Hill has seen major government investment including: $447 million redevelopment of Box Hill Hospital, Box Hill Police Station redevelopment, Department of Justice Offices and Box Hill Institute expansion.

ACCESSIBILITY AND CONNECTION

800M walking distance, 2 minute drive and a 4 minute tram ride from Box Hill.


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Visit the display suite

By private appointment only.

33 High Street, Mont Albert.