Suburb Profile Report for Montello TAS (7320)

Montello House: Median price $181,250, Annual capital growth 2.85%, Number of sales 28, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report

Investment property in Montello has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.23%

Montello,7320 has offered an average of -1.23% return per annum in house price rises to property investors over the last three years.

The most recent median price for Montello is $181250, with sellers offering an average of -9.53% off the asking price.

On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.

Montello is 24th on a list of best yielding suburbs for rents in TAS with a 6.89% return

HOUSE UNIT
$181,250 N/A
N/A N/A
-1.23% N/A
2.85% N/A
$240 N/A
28 N/A
6.89% N/A
79.25 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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