Suburb Profile Report for Montmorency VIC (3094)

Montmorency House: Median price $839,000, Annual capital growth 6.31%, Number of sales 97, Weekly median advertised rent $470

Montmorency Unit: Median price $672,000, Annual capital growth 5.84%, Number of sales 41, Weekly median advertised rent $440

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Montmorency, 3094 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.33%

When looking at the potential capital gains offered to property investors over the last 3 years, Montmorency comes in at number 444th in VIC.

Sellers are offering property buyers an average discount of -7.24% to buyers in Montmorency at the moment, which is less than average for the rest of VIC.

In the last year 97 properties changed hands in Montmorency, which puts it as the 237th most active market in VIC when comparing the number of sales per suburb.

If you compare the increase in value of investment property in Montmorency, 3094 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.03%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Montmorency has increased when compared to the 5 year average annual rate.

Montmorency is 310th on a list of best yielding suburbs for rents in VIC with a 3.40% return

Metrics i HOUSE UNIT
$839,000 $672,000
0.30% 0.37%
-4.33% -1.03%
6.31% 5.84%
$470 $440
97 41
2.91% 3.40%
50.0185185185185 61.7777777777778

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 8758
Median household income ($/weekly) 1457
Median age of persons 39
Median housing loan repayment ($/monthly) 1850
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 978 11.2
    25-34 years 1139 13.0
    35-44 years 1351 15.4
    45-54 years 1189 13.6
    55-64 years 1235 14.1
    Others 2867 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 3412 50.5
    Not Married 2678 39.6
    Defacto Relationship 671 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 7267 85.3
    Japan 76 0.9
    Papua New Guinea 114 1.3
    United Kingdom 421 4.9
    Other 152 1.8
    Others 485 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 0.8
    Christianity 5157 64.1
    Islam 30 0.4
    Other Religious Groups 38 0.5
    No Religion 2736 34.0
    Others 21 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 270 8.7
    $1,000-$1,249 266 8.6
    $1,500-$1,999 442 14.3
    $2,000-$2,499 354 11.5
    $2,500-$2,999 326 10.6
    Others 1430 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2884 41.4
    Not in the labour force 2027 29.1
    Employed, worked part-time 1579 22.7
    Employed, away from work 294 4.2
    Unemployed, looking for work 175 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 530 11.2
    Professionals 1332 28.0
    Technicians & trades workers 702 14.8
    Community & personal service workers 464 9.8
    Clerical & administrative workers 808 17.0
    Others 917 19.3
    Occupation
    Census Count Percent(%)
    Pre-school 180 9.1
    Infants/Primary 658 33.4
    Secondary 497 25.2
    Technical or Further Educational Institution 191 9.7
    University or other Tertiary Institutions 367 18.6
    Others 78 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7365 87.4
    Semi-detached, row or terrace house, townhouse 815 9.7
    Flat, unit or apartment 232 2.8
    House or flat attached to a shop, office 15 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1423 43.0
    Fully owned 1278 38.6
    Rented 596 18.0
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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