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Montrose
AREA REPORTS

Montrose

Montrose - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7010

house
unit

Property investments in MONTROSE fare well against the rest of the country last year, registering a median home price increase of 27.6%.

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 $465 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 14.6 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 $638,000.

MONTROSE ranks 84th on the list of best yielding suburbs for rental properties in TAS, posting a 3.79% return.

Data report can be found below

Montrose
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $638,000 $410,000
GROWTH REPORT
Median Quarterly 11.44% 6.22%
Median 12 month 27.6% 10.81%
Median 3 years 60.3% N/A
Median 5 years 111.96% 24.24%
10 years average annual 9.24% 6.9%
Weekly media advert. rent $465 $397.5
Time on Market 14.6 days 0.0 days
Gross Rental Yield Percent 3.79% 5.04%
demographics (median values)*
Total Population
16842
Weekly Household Income
943
Household Size
2.20
Age
41
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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