Suburb Profile Report for Monash ACT (2904)

Monash House: Median price $600,000, Annual capital growth 3.31%, Number of sales 38, Weekly median advertised rent $550

Monash Unit: Median price $455,000, Annual capital growth 2.18%, Number of sales 29, Weekly median advertised rent $450

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

At number 2353th in the list of Australian suburbs ordered by increase in median house value over the last year, Monash, 2904 is in the BOTTOM 50% with a property value increase of 1.44% recorded in median house prices.

A 20.48% growth in median value for property investors in Monash,2904 puts this suburb at number 75th in terms of best performing suburbs in ACT

Monash2904 is located in ACT which offers an average discount of -3.57% to property investors. Monash itself is showing figures that indicate -2.34% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.

Situated 15.41km from the CBD, Monash is one of Unincorporated ACT localities in the postcode 2904.

Monash is an average performer in ACT when comparing median price capital growth over the last year. Monash gave property investors a average capital gain figure when compared to the rest of the state, with 1.90%.

While Monash,2904 ranked number 28th in ACT for increase in median house value (annualised) increase, it is ranked 36th over the last 5 years.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.55% offered to property buyers. Sellers in Monash itself are offering an average vendor discount of -2.63% to real estate investors.

Renters in Suburb are facing rents around $23400 per annum or $450 every week.

Metrics i HOUSE UNIT
$600,000 $455,000
-2.44% 2.02%
1.44% 1.90%
3.31% 2.18%
$550 $450
38 29
4.77% 5.14%
43.44 61.23

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5422
Median household income ($/weekly) 1911
Median age of persons 39
Median housing loan repayment ($/monthly) 1863
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 620 11.4
    25-34 years 631 11.6
    35-44 years 675 12.4
    45-54 years 899 16.6
    55-64 years 762 14.1
    Others 1836 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 2194 52.4
    Not Married 1686 40.2
    Defacto Relationship 311 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4058 77.2
    Indonesia 100 1.9
    Sri Lanka 97 1.8
    United Kingdom 254 4.8
    Other 204 3.9
    Others 543 10.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 101 2.0
    Christianity 3430 67.3
    Hinduism 150 2.9
    Islam 106 2.1
    No Religion 1264 24.8
    Others 46 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 259 14.3
    $2,000-$2,499 208 11.5
    $2,500-$2,999 222 12.3
    $3,000-$3,499 164 9.1
    $4,000 or more 152 8.4
    Others 801 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2054 46.6
    Not in the labour force 1226 27.8
    Employed, worked part-time 840 19.0
    Employed, away from work 204 4.6
    Unemployed, looking for work 87 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 443 14.3
    Professionals 726 23.4
    Technicians & trades workers 383 12.4
    Community & personal service workers 284 9.2
    Clerical & administrative workers 700 22.6
    Others 563 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 56 4.4
    Infants/Primary 402 31.5
    Secondary 394 30.9
    Technical or Further Educational Institution 144 11.3
    University or other Tertiary Institutions 242 19.0
    Others 37 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4397 84.9
    Semi-detached, row or terrace house, townhouse 726 14.0
    Flat, unit or apartment 53 1.0
    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 804 41.3
    Fully owned 674 34.6
    Rented 394 20.2
    Other tenure type 75 3.9
    Tenure Type
Census 2011, ABS
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