At number 3218th in the list of Australian suburbs ordered by increase in median house value over the last year, Montello, 7320 is in the BOTTOM 30% with a property value increase of -8.82% recorded in median house prices.
While Montello,7320 ranked number 106th in TAS for increase in median house value (annualised) increase, it is ranked 148th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Montello itself are offering an average vendor discount of -5.50% to real estate investors.
At number 2828 in a list of fastest selling suburbs, Montello is in the bottom 30% of suburbs in Australia with an average of days on market 100.1 for properties listed there.
With the median price for a house in Montello being $188750 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 7.30%