Property investors who have had real estate in Montrose, 7010 should be relatively unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.86%
While Montrose,7010 ranked number 121th in TAS for increase in median house value (annualised) increase, it is ranked 83th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Montrose is offering property investors an average of -7.15. This rate of discount on properties puts Suburb at number 128th in terms of most discounted suburbs in TAS
At number 549th in the list of Australian suburbs ordered by increase in median house value over the last year, Montrose, 7010 is in the top 40% with a property value increase of 7.06% recorded in median house prices.
Property investors looking for a bargain in Montrose should be aiming for at least -5.46% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 7.75km from the CBD, Montrose is one of Glenorchy localities in the postcode 7010.