Property investors who have had real estate in Monbulk, 3793 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.59%
A 52.05% growth in median value for property investors in Monbulk,3793 puts this suburb at number 206th in terms of best performing suburbs in VIC
Vendor discounting in Monbulk is giving property investors an average Vendor Discount of around -7.64%. This puts suburb at number 99th in VIC when ranking the most discounted suburbs.
Residents and property investors in Monbulk have been waiting around 46.3636 days to sell a property.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 6.72%, investors should hope to achieve an overall return of 3.28%
Information supplied by:
Harcourts Essential Real Estate
Monbulk has been made famous as a result of Monbulk Preserves (Monbulk jam) founded by the Camm family, The aboriginal name “monbolloc” translates as a hiding place in the hills. The population is approx 2700residents and is situated within 42 km of the C.B.D .Today Monbulk offers an array of diversified farms growing fruit, flowers and wholesale plants.
Excellent lifestyle , numerous parks and attractions, relaxed rural family living amidst an array of colour from the numerous plants, nurseries and flowers throughout the town. Private tranquil homes are scattered throughout.
Most sought-after properties:
Modest to grand homes ranging from the early 1900s to the late 1980s.
Most common properties:
Mixture of small “miners cottages” with substantial character timber homes and acreage farming holdings.
Parks, gardens , cafes and retailshops, art galleries, tea rooms, antique and bric a brac shops, and forest walks
Local industry and business:
Primarily tourist and retail businesses, schools and shops.
Best streets: Mount pleasant rd, haig ave, wards rd
Public transport: buses
Main arteries: Maroondah highway, eastlink