VIC has seen average median house prices change by 8.23% which means that Montmorency, 3094 has done well for property investors by showing a capital gain of 11.76% over the last year
If we look at median property appreciation over just the last three months, Montmorency has given property investors a paper return of -0.27%. This puts Suburb as 506 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Montmorency is $751000, with sellers offering an average of -8.43% off the asking price.
If you compare the increase in value of investment property in Montmorency, 3094 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.89%.
If we look at median property appreciation over just the last three months, Montmorency has given property investors a paper return of 0.38%. This puts Suburb as 172 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.27% offered to property buyers. Sellers in Montmorency itself are offering an average vendor discount of -4.58% to real estate investors.
Often selling an investment property can take time, and in Montmorency the average time real estate has been on the market is 51.51 days.
Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 6.97%, investors should hope to achieve an overall return of 3.62%