Suburb Profile Report for Montrose TAS (7010)

Montrose House: Median price $324,500, Annual capital growth 2.74%, Number of sales 39, Weekly median advertised rent $360

Montrose Unit: Median price $215,000, Annual capital growth 2.26%, Number of sales 25, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$324,500 $215,000
7.99% -2.27%
7.81% -3.15%
2.74% 2.26%
$360 $250
39 25
5.77% 6.05%
52.61 56.27

Source: CoreLogic

DSR Score for property investment : Very good (H), 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