At number 420th in the list of Australian suburbs ordered by increase in median house value over the last year, Monbulk, 3793 is in the top 20% with a property value increase of 19.73% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Monbulk has increased when compared to the 5 year average annual rate.
Monbulk, 3793 is offering VIC ‘s 394th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Often selling an investment property can take time, and in Monbulk the average time real estate has been on the market is 21.51 days.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 7.66%, investors should hope to achieve an overall return of 3.88%
Monbulk has been made famous as a result of Monbulk Preserves (Monbulk jam) founded by the Camm family, The aboriginal name “monbolloc” translates as a hiding place in the hills. The population is approx 2700 residents and is situated within 42 km of the C.B.D .Today Monbulk offers an array of diversified farms growing fruit, flowers and wholesale plants.Full summary
Information supplied by:
Harcourts Essential Real Estate
Monbulk has been made famous as a result of Monbulk Preserves (Monbulk jam) founded by the Camm family, The aboriginal name “monbolloc” translates as a hiding place in the hills. The population is approx 2700residents and is situated within 42 km of the C.B.D .Today Monbulk offers an array of diversified farms growing fruit, flowers and wholesale plants.
Excellent lifestyle , numerous parks and attractions, relaxed rural family living amidst an array of colour from the numerous plants, nurseries and flowers throughout the town. Private tranquil homes are scattered throughout.
Most sought-after properties:
Modest to grand homes ranging from the early 1900s to the late 1980s.
Most common properties:
Mixture of small “miners cottages” with substantial character timber homes and acreage farming holdings.
Parks, gardens , cafes and retailshops, art galleries, tea rooms, antique and bric a brac shops, and forest walks
Local industry and business:
Primarily tourist and retail businesses, schools and shops.
Best streets: Mount pleasant rd, haig ave, wards rd
Public transport: buses
Main arteries: Maroondah highway, eastlink