Suburb Profile Report for Monash ACT (2904)

Monash House: Median price $556,750, Annual capital growth 4.37%, Number of sales 57, Weekly median advertised rent $490

Monash Unit: Median price $440,000, Annual capital growth 3.87%, Number of sales 26, Weekly median advertised rent $423

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

Source: CoreLogic

  • House Report
  • Unit Report

Monash has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -1.63% to date .

A 13.62% growth in median value for property investors in Monash,2904 puts this suburb at number 64th in terms of best performing suburbs in ACT

Vendor discounting in Monash is giving property investors an average Vendor Discount of around -3.15%. This puts suburb at number 36th in ACT when ranking the most discounted suburbs.

Advertised rents are around the $490 mark per week – giving a return of 4.58% based on the median price in Suburb

At number 925th in the list of Australian suburbs ordered by increase in median house value over the last year, Monash, 2904 is in the BOTTOM 50% with a property value increase of 2.33% recorded in median house prices.

Across a shorter period, Monash, 2904 has seen a median price increase of 1.73% over the last quarter.

Property investors looking for a bargain in Monash should be aiming for at least -2.68% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $422.5 mark per week – giving a return of 4.99% based on the median price in Suburb

HOUSE UNIT
$556,750 $440,000
-0.58% 1.73%
-1.63% 2.33%
4.37% 3.87%
$490 $423
57 26
4.58% 4.99%
60.1 85.5

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Monash ACT
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
Chart Table
Recent sales & rentals