Giving property investors a an unimpressive capital gain of -4.62% for the last year, Monbulk, 3793 is the 2558th highest performer in Australia in this respect.
Over the longer term, Monbulk has seen property prices show investors a 28.36% return over the last 3 years. This is worse than over the last 12 months
Monbulk, 3793 is offering VIC ‘s 124th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
In the last year 40 properties changed hands in Monbulk, which puts it as the 450th most active market in VIC when comparing the number of sales per suburb.
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