Suburb Profile Report for Montrose TAS (7010)

Montrose House: Median price $300,000, Annual capital growth 2.36%, Number of sales 37, Weekly median advertised rent $360

Montrose Unit: Median price $217,500, Annual capital growth 2.73%, Number of sales 22, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 4.95% which means that Montrose, 7010 has done well for property investors by showing a capital gain of -3.23% over the last year

A 5.26% growth in median value for property investors in Montrose,7010 puts this suburb at number 139th in terms of best performing suburbs in TAS

Montrose7010 is located in TAS which offers an average discount of -7.01% to property investors. Montrose itself is showing figures that indicate -5.40% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Montrose the average time real estate has been on the market is 61.04 days.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 6.24%, without taking into account capital value appreciation, which has been averaging out at 2.36%.

Investment property in Montrose has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.58%

Our latest figures would indicate that property sellers in Montrose are currently offering property investors an average price cut of -2.49% below the asking price at the moment.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.98%, without taking into account capital value appreciation, which has been averaging out at 2.73%.

Metrics i HOUSE UNIT
$300,000 $217,500
-1.96% N/A
-3.23% 5.58%
2.36% 2.73%
$360 $250
37 22
6.24% 5.98%
61.04 90.6

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2002
Median household income ($/weekly) 847
Median age of persons 45
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 213 10.6
    35-44 years 222 11.1
    45-54 years 299 14.9
    55-64 years 257 12.8
    65-74 years 233 11.6
    Others 777 38.8
    Age Group
    Census Count Percent(%)
    Not Married 722 46.1
    Registered Married 689 44.0
    Defacto Relationship 154 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1693 88.2
    Egypt 12 0.6
    Poland 17 0.9
    United Kingdom 68 3.5
    Other 60 3.1
    Others 70 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 4 0.2
    Christianity 1364 73.8
    Islam 22 1.2
    Other Religious Groups 16 0.9
    No Religion 437 23.7
    Others 4 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 108 13.4
    $400-$599 119 14.8
    $600-$799 106 13.2
    $800-$999 87 10.8
    $1,500-$1,999 81 10.0
    Others 305 37.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 714 43.6
    Employed, worked full-time 510 31.2
    Employed, worked part-time 292 17.8
    Unemployed, looking for work 65 4.0
    Employed, away from work 55 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 107 12.5
    Technicians & trades workers 137 16.0
    Community & personal service workers 99 11.5
    Clerical & administrative workers 163 19.0
    Labourers 108 12.6
    Others 244 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 20 5.4
    Infants/Primary 117 31.4
    Secondary 119 31.9
    Technical or Further Educational Institution 56 15.0
    University or other Tertiary Institutions 47 12.6
    Others 14 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1675 87.8
    Flat, unit or apartment 207 10.9
    Semi-detached, row or terrace house, townhouse 18 0.9
    House or flat attached to a shop, office 7 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 353 42.0
    Being purchased 274 32.6
    Rented 211 25.1
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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