Property investors who have had real estate in Montmorency, 3094 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.06%
A 55.75% growth in median value for property investors in Montmorency,3094 puts this suburb at number 178th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Montmorency are currently offering property investors an average price cut of -4.09% below the asking price at the moment.
With the median price for a house in Montmorency being $850000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 2.63%
Investment property in Montmorency has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.68%
The five-year average increase in median property values for Montmorency,3094 has given property investors a potential capital gain of 53.45% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Montmorency, 3094. Typically our figures indicate that -4.47% is being offered, which puts this VIC suburb at 847th most discounted overall in Australia.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 2.98%, without taking into account capital value appreciation, which has been averaging out at 7.12%.