Property value increases in Montmorency have tracked just lower than the VIC average of 8.27% over the last 12 months.
The five-year average increase in median property values for Montmorency,3094 has given property investors a potential capital gain of 38.50% 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 -5.64% is being offered, which puts this VIC suburb at 2080th most discounted overall in Australia.
Residents and property investors in Montmorency have been waiting around 66.7 days to sell a property.
Advertised rents are around the $415 mark per week – giving a return of 2.76% based on the median price in Suburb
Montmorency has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.02% to date .
Montmorency,3094 was ranked 604 in Australia by increase in median property value over the quarter.
The most recent median price for Montmorency is $610000, with sellers offering an average of -4.36% off the asking price.
Montmorency, 3094’s gross rental yield is 3.07%