Suburb Profile Report for Monbulk VIC (3793)

Monbulk House: Median price $480,000, Annual capital growth 7.03%, Number of sales 38, Weekly median advertised rent $398

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

Source: CoreLogic

  • House Report
  • Expert Report

Monbulk has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.13% to date .

Property investors looking for a bargain in Monbulk should be aiming for at least -1.68% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Monbulk the average time real estate has been on the market is 38.56 days.

Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 7.03%, investors should hope to achieve an overall return of 4.31%

Mark Yusuf Information supplied by:

Mark Yusuf
Harcourts Essential Real Estate

M 97546000
O 0419521065

W http://markyusuf.harcourts.com.au/
E MARK.YUSUF@HARCOURTS.COM.AU
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
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.
 
Selling points: 
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.
 
Top amenities: 
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 
Close
HOUSE UNIT
$480,000 N/A
N/A N/A
2.13% N/A
7.03% N/A
$398 N/A
38 N/A
4.31% N/A
38.56 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Monbulk VIC
Demographics
Total population 3456
Median household income ($/weekly) 1171
Median age of persons 40
Median housing loan repayment ($/monthly) 1540
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 454 13.1
    25-34 years 360 10.4
    35-44 years 497 14.4
    45-54 years 518 15.0
    55-64 years 516 14.9
    Others 1111 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 1340 52.5
    Not Married 969 38.0
    Defacto Relationship 244 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2674 80.9
    New Zealand 123 3.7
    Papua New Guinea 46 1.4
    United Kingdom 257 7.8
    Other 68 2.1
    Others 138 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 1.2
    Christianity 1772 57.0
    Islam 6 0.2
    Other Religious Groups 20 0.6
    No Religion 1274 41.0
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 124 11.1
    $600-$799 128 11.5
    $1,250-$1,499 113 10.1
    $1,500-$1,999 142 12.7
    $2,000-$2,499 114 10.2
    Others 493 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1018 38.0
    Not in the labour force 833 31.1
    Employed, worked part-time 635 23.7
    Employed, away from work 107 4.0
    Unemployed, looking for work 83 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 235 13.3
    Professionals 268 15.2
    Technicians & trades workers 393 22.3
    Clerical & administrative workers 217 12.3
    Labourers 188 10.7
    Others 460 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 72 8.7
    Infants/Primary 284 34.3
    Secondary 246 29.7
    Technical or Further Educational Institution 98 11.8
    University or other Tertiary Institutions 98 11.8
    Others 31 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3182 97.9
    Semi-detached, row or terrace house, townhouse 37 1.1
    Flat, unit or apartment 29 0.9
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 562 46.3
    Fully owned 446 36.7
    Rented 188 15.5
    Other tenure type 18 1.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals