Suburb Profile Report for Montello TAS (7320)

Montello House: Median price $184,000, Annual capital growth 1.54%, Number of sales 29, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Montello, 7320 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 2.22%.

Taking the average capital gain, or increase in median house value, Montello,7320 has racked up an average of 2.22% over the period. This ranks it number 3431th in the whole country for real estate investors looking at median house price increases.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Montello itself are offering an average vendor discount of -10.20% to real estate investors.

Residents and property investors in Montello have been waiting around 101.13 days to sell a property.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 6.78%, without taking into account capital value appreciation, which has been averaging out at 1.54%.

Metrics i HOUSE UNIT
$184,000 N/A
2.22% N/A
2.22% N/A
1.54% N/A
$240 N/A
29 N/A
6.78% N/A
101.13 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in Montello TAS
Demographics
Total population 1198
Median household income ($/weekly) 813
Median age of persons 35
Median housing loan repayment ($/monthly) 1083
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 138 11.5
    25-34 years 151 12.6
    35-44 years 135 11.3
    45-54 years 176 14.7
    55-64 years 131 10.9
    Others 467 39.0
    Age Group
    Census Count Percent(%)
    Not Married 398 45.6
    Registered Married 345 39.5
    Defacto Relationship 130 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1022 93.0
    Papua New Guinea 8 0.7
    Philippines 5 0.5
    South Africa 6 0.5
    United Kingdom 33 3.0
    Others 25 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 652 64.1
    No Religion 350 34.4
    Buddhism 8 0.8
    Hinduism 4 0.4
    Islam 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 57 12.3
    $400-$599 80 17.3
    $600-$799 54 11.7
    $800-$999 60 13.0
    $1,500-$1,999 52 11.2
    Others 160 34.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 353 39.2
    Employed, worked full-time 298 33.1
    Employed, worked part-time 163 18.1
    Unemployed, looking for work 65 7.2
    Employed, away from work 21 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 79 16.4
    Technicians & trades workers 80 16.6
    Community & personal service workers 48 10.0
    Clerical & administrative workers 68 14.1
    Labourers 65 13.5
    Others 142 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 12 5.2
    Infants/Primary 93 39.9
    Secondary 66 28.3
    Technical or Further Educational Institution 35 15.0
    University or other Tertiary Institutions 22 9.4
    Others 5 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1072 98.1
    Semi-detached, row or terrace house, townhouse 12 1.1
    Flat, unit or apartment 9 0.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 197 40.0
    Being purchased 153 31.1
    Fully owned 142 28.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals