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AREA REPORTS

Montmorency

Suburb Profile

Montmorency - FREE 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 9.55% 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 $860,000

The augmented property values in the suburb are trailing behind the territorial average of 2.76% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.

Home owners selling their properties and realtors in MONTMORENCY usually have to wait an average of 46.9 days days before their assets are lifted off the market.

The VIC suburb ranks 469th on the list of best yielding suburbs for rental properties in VIC, posting a 2.9% return.

It also places places 307th 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 $860,000 $666,000
GROWTH REPORT
Median Quarterly 1.78% 0.91%
Median 12 month -0.64% -1.62%
Median 3 years 9.55% 11.93%
Median 5 years 39.38% 38.1%
10 years average annual 6.38% 4.89%
Weekly media advert. rent $480 $445
Time on Market 46.9 days 64.2 days
Gross Rental Yield Percent 2.9% 3.47%
demographics (median values)
Total Population
8176
Weekly Household Income
1164
Household Size
2.60
demographics
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