AREA REPORTS

Montello

TAS/
Montello

Suburb Profile

Montello - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7320

house

MONTELLO, 7320 ranks 235th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.72% for property investors.

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 $227,000.

The upward trend in home prices in MONTELLO, 7320 averaged 7.9% per annum over a 3-year period.

Average weekly rents on listings have reached the $257.5 mark, reflecting a 5.9% increase in returns based on the current median price in MONTELLO.

An average of 2.92 real estate transactions take place per month in MONTELLO which translates to 35 per annum.

35 properties were sold in MONTELLO in 2016, making it the 68th most active market in TAS based on total real estate transactions.

MONTELLO, 7320 places 10th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $227,000 N/A
GROWTH REPORT
Median Quarterly 12.1% N/A
Median 12 month 21.72% N/A
Median 3 years 23.71% N/A
Median 5 years 14.65% N/A
10 years average annual 2.44% N/A
Weekly media advert. rent $257.5 N/A
Time on Market 83.9 days N/A
Gross Rental Yield Percent 5.9% N/A
demographics (median values)
Total Population
1310
Weekly Household Income
720.1
Household Size
2.30
demographics
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