The suburb’s capital gain of 8.49% for the past year is lower than average compared to its 51.04% growth within a five-year period.
Also in MONTROSE, the median home price is sitting at $658,000, and the average rent at $420, this suggests property owners could potentially earn a 3.32% increase in gross rental yield.
Property investors have seen a 5.28% gain in MONTROSE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.57% growth over a ten-year period. It ranks 375th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.49%||N/A|
|Median 3 years||41.66%||N/A|
|Median 5 years||51.04%||N/A|
|10 years average annual||8.57%||N/A|
|Weekly media advert. rent||$420||N/A|
|Time on Market||17.5 days||N/A|
|Gross Rental Yield Percent||3.32%||N/A|