At number 1910th 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 4.85% recorded in median house prices.
Montmorency,3094 was ranked 2859 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Montmorency is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 114th in terms of most discounted suburbs in VIC
A $410 per week rent on the median house gives suburb investors a gross yield of circa 2.82%, without taking into account capital value appreciation, which has been averaging out at 8.02%.
With a capital gain of 5.36% for the last 12 months, Montmorency, 3094 has performed for property investments than its average annual 6.10% property growth over the last 5 years.
Montmorency,3094 has offered an average of 5.36% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Montmorency 3094 should be seeing an average reduction in asking price of around -4.52% . This means that Montmorency is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $4380 per annum or $365 every week.