Suburb Profile Report for Montrose TAS (7010)

Montrose House: Median price $325,000, Annual capital growth 2.86%, Number of sales 38, Weekly median advertised rent $360

Montrose Unit: Median price $225,000, Annual capital growth 3.73%, Number of sales 26, Weekly median advertised rent $243

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 7.26% for the last year, Montrose, 7010 is the 1984th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Montrose has given property investors a paper return of 5.01%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in TAS

Montrose, 7010 is offering TAS ‘s 126th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.

At number 498 in a list of fastest selling suburbs, Montrose is in the TOP 20% of suburbs in Australia with an average of days on market 42.89 for properties listed there.

With the median price for a house in Montrose being $325000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.76%

Property value increases in Montrose have tracked close to the TAS average of 5.89% over the last 12 months.

Montrose,7010 was ranked 55 in Australia by increase in median property value over the quarter.

Renters in Suburb are facing rents around $2910 per annum or $242.5 every week.

Metrics i HOUSE UNIT
$325,000 $225,000
5.01% 12.50%
7.26% 6.64%
2.86% 3.73%
$360 $243
38 26
5.76% 5.60%
42.89 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (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
Chart Table
Recent sales & rentals