Montrose

POSTAL CODE: TAS, 7010
HOUSE
UNIT

Property investments in MONTROSE did not fare well against the rest of the country last year, registering a median home price decrease of 8.79%.

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 MONTROSE, 7010 saw average growth in the long term.

Real estate investors could earn a rental income of $550 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 69.3 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 $650,000.

MONTROSE ranks 50th on the list of best yielding suburbs for rental properties in TAS, posting a 4.4% return.

Surburb overview

Montrose, with the postcode 7010, is a charming suburb located approximately 10 kilometres north of Hobart’s central business district in Tasmania. Situated along the western shore of the River Derwent, Montrose offers stunning waterfront views, a peaceful residential environment, and convenient access to urban amenities. The population of Montrose is around 3,000 residents, comprising a diverse mix of families, professionals, and retirees.

Montrose falls under the jurisdiction of the City of Glenorchy, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via the Brooker Highway, facilitating straightforward travel to Hobart and other nearby areas.

Educational facilities in Montrose include Montrose Bay High School and nearby primary schools such as Rosetta Primary School and Goodwood Primary School, catering to the educational needs of families with children from primary through to secondary levels. For higher education, residents have access to the University of Tasmania and various vocational training centres in Hobart.

Montrose residents often visit the nearby Glenorchy Central and Northgate Shopping Centre, which offer a variety of retail stores, supermarkets, cafes, and dining options. These centres provide residents with convenient access to everyday needs and more extensive shopping experiences. The Hobart CBD offers additional shopping, dining, and entertainment facilities, easily accessible to Montrose residents.

The Montrose Foreshore Community Park is a popular local spot featuring walking trails, playgrounds, picnic areas, and sports facilities, making it ideal for family outings and outdoor activities. The nearby Montrose Bay Yacht Club offers opportunities for sailing and water-based activities, taking advantage of the suburb’s picturesque waterfront location.

Residents of Montrose benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market.

Healthcare services in Montrose are well-developed, with several medical clinics and specialists available within the suburb and nearby areas. The suburb’s proximity to the Royal Hobart Hospital ensures residents have access to comprehensive medical care.

Montrose combines the tranquillity of suburban living with the convenience of nearby urban amenities. The suburb’s natural beauty, recreational opportunities, and community atmosphere enhance its appeal as a desirable place to live within the greater Hobart area. The easy access to Hobart’s city amenities and the broader Tasmanian landscape further underscores Montrose's appeal as a great place to live.

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