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