If you compare the increase in value of investment property in Montmorency, 3094 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.21%.
Montmorency,3094 has offered an average of 2.21% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Montmorency is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 93th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $5040 per annum or $420 every week.
Montmorency is in the TOP 20% in VIC when comparing median price capital growth over the last year. Montmorency gave property investors a very good capital gain figure when compared to the rest of the state, with 14.50%.
Comparing Montmorency,3094 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Montmorency 3094 should be seeing an average reduction in asking price of around -4.16% . This means that Montmorency is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
Situated 17.39km from the CBD, Montmorency is one of Banyule localities in the postcode 3094.