Suburb Profile Report for Montmorency VIC (3094)

Montmorency House: Median price $757,000, Annual capital growth 8.02%, Number of sales 96, Weekly median advertised rent $410

Montmorency Unit: Median price $560,000, Annual capital growth 6.10%, Number of sales 66, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$757,000 $560,000
-0.72% -4.92%
4.85% 5.36%
8.02% 6.10%
$410 $365
96 66
2.82% 3.39%
71.51 59.75

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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
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