Suburb Profile Report for Montrose TAS (7010)

Montrose House: Median price $303,000, Annual capital growth 2.66%, Number of sales 41, Weekly median advertised rent $330

Montrose Unit: Median price $215,000, Annual capital growth 2.87%, Number of sales 13, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Montrose has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 3.95% to date .

Taking the average capital gain, or increase in median house value, Montrose,7010 has racked up an average of 3.95% over the period. This ranks it number 1971th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Montrose are currently offering property investors an average price cut of -5.15% below the asking price at the moment.

Montrose is in the TOP 20% in TAS when comparing median price capital growth over the last year. Montrose gave property investors a very good capital gain figure when compared to the rest of the state, with 7.50%.

Montrose,7010 has offered an average of 7.50% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Montrose, 7010. Typically our figures indicate that -5.46% is being offered, which puts this TAS suburb at 621th most discounted overall in Australia.

Residents and property investors in Montrose have been waiting around 112.46 days to sell a property.

Montrose is 15th on a list of best yielding suburbs for rents in TAS with a 6.17% return

HOUSE UNIT
$303,000 $215,000
0.00% 6.44%
3.95% 7.50%
2.66% 2.87%
$330 $255
41 13
5.66% 6.17%
49.06 112.46

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
Chart Table
Recent sales & rentals