Suburb Profile Report for Montmorency VIC (3094)

Montmorency House: Median price $758,000, Annual capital growth 8.12%, Number of sales 99, Weekly median advertised rent $415

Montmorency Unit: Median price $599,999, Annual capital growth 6.91%, Number of sales 65, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2392th in the list of Australian suburbs ordered by increase in median house value over the last year, Montmorency, 3094 is in the BOTTOM 50% with a property value increase of 2.85% recorded in median house prices.

If we look at median property appreciation over just the last three months, Montmorency has given property investors a paper return of 0.13%. This puts Suburb as 495 on a list of fastest fasting appreciating suburbs in VIC

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Montmorency, 3094. Typically our figures indicate that -7.89% is being offered, which puts this VIC suburb at 859th most discounted overall in Australia.

At number 1424 in a list of fastest selling suburbs, Montmorency is in the TOP 40% of suburbs in Australia with an average of days on market 71.14 for properties listed there.

Advertised rents are around the $415 mark per week – giving a return of 2.85% based on the median price in Suburb

Over the last year, property investments in Montmorency, 3094 have given investors a capital gain of 13.85%. This compares very favourably with the 3.11% for VIC as a whole.

A 32.52% growth in median value for property investors in Montmorency,3094 puts this suburb at number 155th in terms of best performing suburbs in VIC

Montmorency3094 is located in VIC which offers an average discount of -5.12% to property investors. Montmorency itself is showing figures that indicate -4.52% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

HOUSE UNIT
$758,000 $599,999
0.13% 0.84%
2.85% 13.85%
8.12% 6.91%
$415 $360
99 65
2.85% 3.12%
71.14 55.47

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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