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 0.66%.
If we look at median property appreciation over just the last three months, Montrose has given property investors a paper return of -0.33%. This puts Suburb as 115 on a list of fastest fasting appreciating suburbs in TAS
LACK OF BUYER INTEREST may well be the reason that Montrose is offering property investors an average of -7.06. This rate of discount on properties puts Suburb at number 126th in terms of most discounted suburbs in TAS
Montrose, 7010’s gross rental yield is 5.71%
Montrose is an average performer in TAS when comparing median price capital growth over the last year. Montrose gave property investors a average capital gain figure when compared to the rest of the state, with 3.57%.
Property investors looking for a bargain in Montrose should be aiming for at least -4.24% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
Advertised rents are around the $250 mark per week – giving a return of 5.98% based on the median price in Suburb