Investment property in Montrose has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.81%
If we look at median property appreciation over just the last three months, Montrose has given property investors a paper return of 7.99%. This puts Suburb as 21 on a list of fastest fasting appreciating suburbs in TAS
The most recent median price for Montrose is $324500, with sellers offering an average of -5.38% off the asking price.
With the median price for a house in Montrose being $324500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.77%
Montrose is in the bottom 40% in TAS when comparing median price capital growth over the last year. Montrose gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.15%.
Across a shorter period, Montrose, 7010 has seen a median price increase of -2.27% over the last quarter.
Sellers are offering property buyers an average discount of -1.93% to buyers in Montrose at the moment, which is less than average for the rest of TAS.
Residents and property investors in Montrose have been waiting around 56.27 days to sell a property.
Montrose, 7010’s gross rental yield is 6.05%