Suburb Profile Report for Montmorency VIC (3094)

Montmorency House: Median price $838,000, Annual capital growth 6.76%, Number of sales 98, Weekly median advertised rent $463

Montmorency Unit: Median price $650,000, Annual capital growth 5.92%, Number of sales 31, Weekly median advertised rent $440

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

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

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$838,000 $650,000
-2.56% 1.88%
-6.89% -5.80%
6.76% 5.92%
$463 $440
98 31
2.87% 3.52%
45.4727272727273 70.6666666666667

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

DSR Score for property investment : Good (H), Very 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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