At number 1796th in the list of Australian suburbs ordered by increase in median house value over the last year, Montmorency, 3094 is in the top half with a property value increase of 7.54% recorded in median house prices.
Across a shorter period, Montmorency, 3094 has seen a median price increase of 4.46% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Montmorency itself are offering an average vendor discount of -3.02% to real estate investors.
In the last year 107 properties changed hands in Montmorency, which puts it as the 247th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Montmorency being $820000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 2.73%
If you compare the increase in value of investment property in Montmorency, 3094 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 19.08%.
The five-year average increase in median property values for Montmorency,3094 has given property investors a potential capital gain of 50.24% across each of those five years.
Our latest figures would indicate that property sellers in Montmorency are currently offering property investors an average price cut of -3.86% below the asking price at the moment.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Advertised rents are around the $360 mark per week – giving a return of 2.90% based on the median price in Suburb