Suburb Spotlight on Mt Albert

Located a speedy seven kilometres southwest of the CBD, Mt Albert is a community-focused central suburb experiencing red-hot growth. 

Mt Albert compared to the rest of Auckland

  • Gross rental yield: Mt Albert 2.6% and Auckland 2.99%
  • Average sale price (three bedroom): Mt Albert $1,065,478 and Auckland $895,347
  • Average weekly rent (three bedroom): Mt Albert $533 and Auckland $516

Source: Barfoot & Thompson average tenancies as at 1 July 2016 and Barfoot & Thompson average sales over the last six months to beginning 1 July 2016 for three bedroom properties in Auckland and Mt Albert. Yield calculated using average sale price and average rental per week. 

Mt Albert tops list of hottest suburbs

Figures from the last six months show that Mt Albert tops the list of suburbs with the highest rental increase.

"Great access to transport, including the newly-upgraded Mt Albert Train Station, and a huge number of schools for students at all levels, makes Mt Albert an ideal place for families who enjoy proximity to the city centre," says Mt Albert Property Manager Renee Wesche

Gladstone Primary, Owairaka Primary, Hebron College, Marist College, Mt Albert Grammar and Unitec are just a handful of the schools in the area. Rocket Park, Fowlds Park, and the eponymous volcanic peak are also popular with families. 

About Mt Albert

With easy motorway access to Auckland's CBD, Mt Albert is a well-established and family-oriented suburb with an active community centre. 

A diverse mix of ethnic groups make up the local population of 5,640, with excellent dining options in the area covering a wide range of ethnic cuisines and price points.

Understanding yield

Yield is an income return on investment. 

To generate the gross rental yield, calculate the gross annual income of the property and divide it by the purchase price. When generating net yield, you'll need to take other expenses such as mortgage and rates into consideration. 

Want more info on Mt Albert?

Talk to the team at our Mt Albert branch.