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Monash
AREA REPORTS

Monash

Monash - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2904

house
unit

Property investments in MONASH fare well against the rest of the country last year, registering a median home price increase of 10.03%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MONASH, 2904 saw average growth in the long term.

Real estate investors could earn a rental income of $575 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 54.8 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $729,500.

MONASH ranks 29th on the list of best yielding suburbs for rental properties in ACT, posting a 4.1% return.

Surburb overview

Monash is a suburb in the Tuggeranong district of Canberra, ACT. The suburb is bordered by the arterial roads of Erindale Drive, Drakeford Drive, Isabella Drive and Ashley Drive. Its namesake was Sir John Monash, a civil engineer and World War I commander. Monash is located an hour away from Canberra through public transport, and 17 minutes by private car.

Demographic profile

Monash has a slightly older population than any other states in Canberra, which is the reason it is known as a retirement destination. The median age of the population in Monash is between 40 and 59 years. More than 50 per cent of the population are family units. Majority of the population work in public sector and safety, while the rest work in the health care, social work and retail segments.

Real estate milieu

Monash is considered by residents as one of the best postcodes in the ACT to buy a home due to its family-friendly atmosphere and facilities, including a primary school and community oval. Shopping centres, such as the Erindale Shopping Centre and the Tuggeranong Hyperdome, are just a short drive away. Monash also has abundant open areas for walking and cycling and is home to the Isabella Pond and the Tuggeranong Creek.

As for its housing portfolio, Monash offers a mix of standalone residential properties with four or more bedrooms, as well as three-bedroom townhouses. Recent property sales in Monash involve the sale of well-maintained bungalows with spacious patios and backyards, and decent-sized apartment units. Hillside properties overlooking other estates and those with pools go on offer from time to time.

Data report can be found below

Monash
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $729,500 $554,500
GROWTH REPORT
Median Quarterly 3.84% 2.69%
Median 12 month 10.03% 12.02%
Median 3 years 23.64% 22.81%
Median 5 years 30.04% 28.95%
10 years average annual 4.31% 2.51%
Weekly media advert. rent $575 $500
Time on Market 54.8 days 36.0 days
Gross Rental Yield Percent 4.1% 4.69%
demographics (median values)*
Total Population
12863
Weekly Household Income
2260
Household Size
2.70
Age
42
Monthly Loan Repayment
2123
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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