Suburb Profile Report for Montrose TAS (7010)

Montrose House: Median price $300,500, Annual capital growth 2.37%, Number of sales 44, Weekly median advertised rent $325

Montrose Unit: Median price $220,000, Annual capital growth 3.20%, Number of sales 15, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$300,500 $220,000
-1.80% 8.91%
1.86% 7.06%
2.37% 3.20%
$325 $250
44 15
5.62% 5.91%
62.27 108.42

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
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