Property investors who have had real estate in Montmorency, 3094 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.41%
Over the longer term, Montmorency has seen property prices show investors a 40.64% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Montmorency is giving property investors an average Vendor Discount of around -8.43%. This puts suburb at number 92th in VIC when ranking the most discounted suburbs.
Situated 17.68km from the CBD, Montmorency is one of Banyule localities in the postcode 3094.
Property value increases in Montmorency have tracked higher than the VIC average of 3.63% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Montmorency comes in at number 26th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Montmorency itself are offering an average vendor discount of -3.42% to real estate investors.
Property investors should expect to get $360 weekly from the median priced house in this suburb.