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%.