Suburb Profile Report for Monash ACT (2904)

Monash House: Median price $557,500, Annual capital growth 3.92%, Number of sales 63, Weekly median advertised rent $490

Monash Unit: Median price $439,000, Annual capital growth 3.49%, Number of sales 21, Weekly median advertised rent $425

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Monash, 2904 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -0.45%.

Comparing Monash,2904 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Monash should be aiming for at least -2.48% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 63 properties changed hands in Monash, which puts it as the 21th most active market in ACT when comparing the number of sales per suburb.

ACT has seen average median house prices change by 0.21% which means that Monash, 2904 has done well for property investors by showing a capital gain of 2.09% over the last year

Taking the average capital gain, or increase in median house value, Monash,2904 has racked up an average of 2.09% over the period. This ranks it number 1237th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Monash is giving property investors an average Vendor Discount of around -1.57%. This puts suburb at number 44th in ACT when ranking the most discounted suburbs.

Situated 16.05km from the CBD, Monash is one of Unincorporated ACT localities in the postcode 2904.

Metrics i HOUSE UNIT
$557,500 $439,000
2.76% 1.15%
-0.45% 2.09%
3.92% 3.49%
$490 $425
63 21
4.57% 5.03%
52.57 104.61

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 5422
Median household income ($/weekly) 1911
Median age of persons 39
Median housing loan repayment ($/monthly) 1863
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 620 11.4
    25-34 years 631 11.6
    35-44 years 675 12.4
    45-54 years 899 16.6
    55-64 years 762 14.1
    Others 1836 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 2194 52.4
    Not Married 1686 40.2
    Defacto Relationship 311 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4058 77.2
    Indonesia 100 1.9
    Sri Lanka 97 1.8
    United Kingdom 254 4.8
    Other 204 3.9
    Others 543 10.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 101 2.0
    Christianity 3430 67.3
    Hinduism 150 2.9
    Islam 106 2.1
    No Religion 1264 24.8
    Others 46 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 259 14.3
    $2,000-$2,499 208 11.5
    $2,500-$2,999 222 12.3
    $3,000-$3,499 164 9.1
    $4,000 or more 152 8.4
    Others 801 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2054 46.6
    Not in the labour force 1226 27.8
    Employed, worked part-time 840 19.0
    Employed, away from work 204 4.6
    Unemployed, looking for work 87 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 443 14.3
    Professionals 726 23.4
    Technicians & trades workers 383 12.4
    Community & personal service workers 284 9.2
    Clerical & administrative workers 700 22.6
    Others 563 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 56 4.4
    Infants/Primary 402 31.5
    Secondary 394 30.9
    Technical or Further Educational Institution 144 11.3
    University or other Tertiary Institutions 242 19.0
    Others 37 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4397 84.9
    Semi-detached, row or terrace house, townhouse 726 14.0
    Flat, unit or apartment 53 1.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 804 41.3
    Fully owned 674 34.6
    Rented 394 20.2
    Other tenure type 75 3.9
    Tenure Type
Census 2011, ABS
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