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Montmorency
AREA REPORTS

Montmorency

Montmorency - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3094

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 7.71% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $950,500

The augmented property values in the suburb are trailing behind the territorial average of 14.18% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $510.

Home owners selling their properties and realtors in MONTMORENCY usually have to wait an average of 45.6 days days before their assets are lifted off the market.

The VIC suburb ranks 340th on the list of best yielding suburbs for rental properties in VIC, posting a 2.79% return.

It also places places 557th in Australia based on median property value growth during the quarter.

Data report can be found below

Montmorency
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $950,500 $746,000
GROWTH REPORT
Median Quarterly 2.48% 1.08%
Median 12 month 7.89% 1.22%
Median 3 years 7.71% 8.12%
Median 5 years 26.73% 33.21%
10 years average annual 5.6% 5.24%
Weekly media advert. rent $510 $440
Time on Market 45.6 days 43.2 days
Gross Rental Yield Percent 2.79% 3.07%
demographics (median values)*
Total Population
8960
Weekly Household Income
1742
Household Size
2.60
Age
40
Monthly Loan Repayment
1883
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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