Suburb Profile Report for Montrose VIC (3765)

Montrose House: Median price $628,000, Annual capital growth 7.75%, Number of sales 81, Weekly median advertised rent $395

Montrose Unit: Median price $474,500, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Montrose, 3765 have given investors a capital gain of 10.90%. This compares favourably with the 8.12% for VIC as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Montrose has increased when compared to the 5 year average annual rate.

Vendor discounting in Montrose is giving property investors an average Vendor Discount of around -2.77%. This puts suburb at number 592th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Montrose the average time real estate has been on the market is 24.71 days.

Situated 33.67km from the CBD, Montrose is one of Yarra Ranges localities in the postcode 3765.

Renters in Suburb are facing rents around $4260 per annum or $355 every week.

HOUSE UNIT
$628,000 $474,500
1.49% 3.83%
10.90% N/A
7.75% N/A
$395 $355
81 12
3.27% 3.89%
24.71 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Very good (H)
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Demographics
Total population 6732
Median household income ($/weekly) 1389
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 886 13.2
    25-34 years 677 10.1
    35-44 years 934 13.9
    45-54 years 990 14.7
    55-64 years 885 13.1
    Others 2361 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 2610 53.4
    Not Married 1831 37.4
    Defacto Relationship 450 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5355 84.7
    New Zealand 125 2.0
    Papua New Guinea 57 0.9
    United Kingdom 445 7.0
    Other 76 1.2
    Others 261 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 0.8
    Christianity 3605 60.4
    Islam 12 0.2
    Other Religious Groups 36 0.6
    No Religion 2255 37.8
    Others 14 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 197 9.8
    $1,250-$1,499 189 9.4
    $1,500-$1,999 286 14.2
    $2,000-$2,499 254 12.6
    $2,500-$2,999 171 8.5
    Others 920 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2064 40.8
    Not in the labour force 1506 29.8
    Employed, worked part-time 1173 23.2
    Employed, away from work 189 3.7
    Unemployed, looking for work 128 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 368 10.8
    Professionals 633 18.5
    Technicians & trades workers 681 19.9
    Community & personal service workers 344 10.0
    Clerical & administrative workers 528 15.4
    Others 869 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 129 7.7
    Infants/Primary 592 35.5
    Secondary 518 31.1
    Technical or Further Educational Institution 179 10.7
    University or other Tertiary Institutions 199 11.9
    Others 49 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6033 96.6
    Semi-detached, row or terrace house, townhouse 194 3.1
    Flat, unit or apartment 19 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1131 51.3
    Fully owned 775 35.2
    Rented 258 11.7
    Other tenure type 40 1.8
    Tenure Type
Census 2011, ABS
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