Suburb Profile Report for Montmorency VIC (3094)

Montmorency House: Median price $761,500, Annual capital growth 8.25%, Number of sales 94, Weekly median advertised rent $420

Montmorency Unit: Median price $600,000, Annual capital growth 7.17%, Number of sales 73, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Montmorency, 3094 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.21%.

Montmorency,3094 has offered an average of 2.21% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Montmorency is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 93th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Montmorency is in the TOP 20% in VIC when comparing median price capital growth over the last year. Montmorency gave property investors a very good capital gain figure when compared to the rest of the state, with 14.50%.

Comparing Montmorency,3094 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Montmorency 3094 should be seeing an average reduction in asking price of around -4.16% . This means that Montmorency is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.

Situated 17.39km from the CBD, Montmorency is one of Banyule localities in the postcode 3094.

HOUSE UNIT
$761,500 $600,000
0.53% 0.84%
2.21% 14.50%
8.25% 7.17%
$420 $365
94 73
2.87% 3.16%
66.55 56.53

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 8758
Median household income ($/weekly) 1457
Median age of persons 39
Median housing loan repayment ($/monthly) 1850
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 978 11.2
    25-34 years 1139 13.0
    35-44 years 1351 15.4
    45-54 years 1189 13.6
    55-64 years 1235 14.1
    Others 2867 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 3412 50.5
    Not Married 2678 39.6
    Defacto Relationship 671 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 7267 85.3
    Japan 76 0.9
    Papua New Guinea 114 1.3
    United Kingdom 421 4.9
    Other 152 1.8
    Others 485 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 0.8
    Christianity 5157 64.1
    Islam 30 0.4
    Other Religious Groups 38 0.5
    No Religion 2736 34.0
    Others 21 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 270 8.7
    $1,000-$1,249 266 8.6
    $1,500-$1,999 442 14.3
    $2,000-$2,499 354 11.5
    $2,500-$2,999 326 10.6
    Others 1430 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2884 41.4
    Not in the labour force 2027 29.1
    Employed, worked part-time 1579 22.7
    Employed, away from work 294 4.2
    Unemployed, looking for work 175 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 530 11.2
    Professionals 1332 28.0
    Technicians & trades workers 702 14.8
    Community & personal service workers 464 9.8
    Clerical & administrative workers 808 17.0
    Others 917 19.3
    Occupation
    Census Count Percent(%)
    Pre-school 180 9.1
    Infants/Primary 658 33.4
    Secondary 497 25.2
    Technical or Further Educational Institution 191 9.7
    University or other Tertiary Institutions 367 18.6
    Others 78 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7365 87.4
    Semi-detached, row or terrace house, townhouse 815 9.7
    Flat, unit or apartment 232 2.8
    House or flat attached to a shop, office 15 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1423 43.0
    Fully owned 1278 38.6
    Rented 596 18.0
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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