Suburb Profile Report for Montmorency VIC (3094)

Montmorency House: Median price $820,000, Annual capital growth 8.37%, Number of sales 107, Weekly median advertised rent $430

Montmorency Unit: Median price $646,020, Annual capital growth 7.41%, Number of sales 64, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$820,000 $646,020
4.46% 4.20%
7.54% 19.08%
8.37% 7.41%
$430 $360
107 64
2.73% 2.90%
51.67 53.64

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Montmorency VIC
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
Chart Table
Recent sales & rentals