If you compare the increase in value of investment property in Montrose, 7010 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.31%.
When looking at the potential capital gains offered to property investors over the last 3 years, Montrose comes in at number 45th in TAS.
Property investors looking for a bargain in Montrose should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Investment property in Montrose has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.15%
Montrose,7010 was ranked 1360 in Australia by increase in median property value over the quarter.
Montrose7010 is located in TAS which offers an average discount of -5.14% to property investors. Montrose itself is showing figures that indicate -2.18% is the average achievable by property buyers investing in the suburb.
Montrose is 13th on a list of best yielding suburbs for rents in TAS with a 6.05% return