Property value increases in Montmorency have tracked just lower than the VIC average of -1.79% over the last 12 months.
Montmorency,3094 was ranked 3114 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Montmorency itself are offering an average vendor discount of -5.76% to real estate investors.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.
Montmorency, 3094’s gross rental yield is 2.87%
VIC has seen average median house prices change by 0.68% which means that Montmorency, 3094 has done well for property investors by showing a capital gain of -5.80% over the last year
A 34.85% growth in median value for property investors in Montmorency,3094 puts this suburb at number 121th in terms of best performing suburbs in VIC
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
With the median price for a house in Montmorency being $650000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.52%