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Montello

POSTAL CODE: TAS, 7320
HOUSE

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $462,500.

The upward trend in home prices in MONTELLO, 7320 averaged 8.31% per annum over a 3-year period.

Average weekly rents on listings have reached the $425 mark, reflecting a 4.78% increase in returns based on the current median price in MONTELLO.

An average of 3.33 real estate transactions take place per month in MONTELLO which translates to 40 per annum.

40 properties were sold in MONTELLO in 2016, making it the 58th most active market in TAS based on total real estate transactions.

MONTELLO, 7320 places 46th in Australia based on median property value growth during the quarter.

Surburb overview

Montello is a suburb located approximately 2 kilometres southwest of Burnie's central business district in Tasmania. The population of Montello is around 2,500 residents. Known for its residential charm, community-oriented environment, and convenient access to urban amenities, Montello offers a comfortable and attractive lifestyle for its residents.

Montello falls under the jurisdiction of the City of Burnie, which ensures well-maintained infrastructure and community services. Public transportation is available, with Metro Tasmania buses providing regular services to Burnie’s CBD and surrounding areas, making commuting convenient for residents.

Educational facilities in Montello include Montello Primary School, catering to the educational needs of young children. For secondary education, students typically attend nearby schools such as Burnie High School, Parklands High School, and Hellyer College. The region also offers various early childhood education centres, ensuring comprehensive educational opportunities for families. For higher education, residents have access to the TasTAFE Burnie campus and the Cradle Coast campus of the University of Tasmania.

Montello residents often visit the nearby Burnie CBD, which offers a variety of retail stores, supermarkets, cafes, and dining options. The Upper Burnie Shopping Centre provides additional convenience with local shops and essential services, ensuring residents have easy access to everyday needs.

Montello is rich in recreational activities, with numerous parks and green spaces enhancing the suburb’s appeal. The nearby Burnie Park and the Emu Valley Rhododendron Garden provide opportunities for outdoor activities such as walking, picnicking, and enjoying the natural beauty of the area. The Romaine Reserve offers additional walking trails and scenic spots for nature lovers.

Residents of Montello benefit from its proximity to Burnie’s cultural and recreational attractions, including the Burnie Regional Art Gallery, the Burnie Arts and Function Centre, and the Makers’ Workshop. These venues offer a range of cultural experiences, from art exhibitions to live performances and community events, contributing to the vibrant community life.

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

Montello 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 Burnie area. The easy access to Burnie’s city amenities and the broader Tasmanian landscape further underscores Montello's appeal as a great place to live.

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