Fraud Blocker

Montrose, TAS 7010

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Montrose, TAS 7010 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Montrose, TAS 7010”

  1. The total adult population (15 years or older) of Montrose 7010 TAS is 1,987, with a median age of 39. Of those, 41.87% are married, 13.69% are divorced or separated, 36.89% are single and 7.00% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,928. The median monthly mortgage repayment for households in this suburb is $1,349 which is 19.47% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Montrose, 7010, nestled within Tasmania, boasts a residential population spread across approximately 1,119 households. As we navigate into the third quarter of 2023, the typical price for houses in this community is projected to be around $624,551. This figure, when contrasted with the median weekly rent of $545, results in an attractive indicative yield that surpasses the attractive market requirement at 4.54%.

    In terms of socio-economic standing, Montrose scored 929 out of a possible 1,217 on the IRSAD index, indicating a relatively solid socio-economic status of the area’s residents. The balance of occupancy in this suburb leans moderately towards owners, with a healthy renter to owner ratio at an optimal 30%, thereby creating an appealing market for property investors.

    The suburb also features a favorable units to houses ratio standing at 18%, making it attractive to families who prefer houses over apartments, thus potentially extending tenancy periods. This could support stable rental yields in the long term, inspite of the suburb’s affordability index which indicates that it would take nearly 35 years to fully own a property, surpassing the average duration based on a standard 30-year mortgage.

    Montrose makes an intriguing case when it comes to supply metrics. With a stock on market percentage for houses standing at a low 0.23%, supply appears to be limited, which may bode well for house prices. This is mirrored in the inventory level which sits at a promising 0.96 months, reinforcing the market’s ability to absorb new house listings quickly.

    The building approvals ratio for houses also falls into the favourable range at 1.04%, suggesting a balanced rhythm between supply and demand. The only concerning figure here is the average days on the market which comes in at 100, possibly suggesting a slightly diminished demand in the local market.

    Despite this, the extremely low combined vacancy rate of 0.6% and an average buy search index, subsequently points to a robust demand for housing within Montrose.

    Overall, the Montrose housing market holds some strong fundamentals for investors seeking reliable rental yields, particularly given the controlled rental and ownership balance, minimal unit saturation, and low supply indicators. However, attention should also be paid to the affordability index and days on market, particularly as these could influence future trends.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment