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Montmorency, VIC 3094

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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 Montmorency, VIC 3094 located in Melbourne 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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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.

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0 thoughts on “Montmorency, VIC 3094”

  1. The total adult population (15 years or older) of Montmorency 3094 VIC is 7,393, with a median age of 41. Of those, 52.04% are married, 11.97% are divorced or separated, 31.67% are single and 4.46% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $10,176. The median monthly mortgage repayment for households in this suburb is $2,167 which is 21.30% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Montmorency 3094 is nestled in the vibrant state of Victoria (VIC). Home to an estimated 4,137 households, this community presents an appealing market for potential property investors and home buyers.

    As we delve into the Q3 of 2023, houses in Montmorency are posting a typical price of $1,113,153. Accompanied by a median weekly rent of $564, this generates an indicative yield of 2.63%. Though this figure falls slightly below the minimum attractive yield to cashflow-focused investors, the suburb yields other attractive metrics.

    Montmorency brandishes a positive socio-economic status, as indicated by its IRSAD score of 1,072 out of a possible 1,217. This suggests a high standard of living within the community, accentuated by healthy incomes and access to economic resources.

    The suburb also boasts a healthy balance in its property market demographics, with a renter to owner ratio standing at a mere 17%. This underscores the preponderance of long-term residents and homeowners and, subsequently, the viability of long-term property investments given its stability.

    Regarding the units to house ratio, Montmorency’s figure stands favourably at just 20%. This low ratio is attractive as it signifies a lower competition among landlords for tenants and the likelihood of longer tenancy periods, a good indication for yield preservation.

    However, it’s crucial to note the affordability index of 43 years – a figure exceeding the standard 30-year mortgage. This indicates that, despite the area’s appeal, full property ownership can require more resources and time than average.

    On the supply side, Montmorency is far from oversaturated. With the stock on market Percentage for houses just at a meagre 0.18%, and an inventory level of only 0.61 months, new listings are swiftly absorbed in this low supply market. The building approvals Ratio further substantiates this, standing at just 0.21%, indicating a very low supply of new dwellings on the horizon.

    The demand metrics also bode well for potential investors. With an average days on market value of 25 days, properties here are snapped up quickly by eager buyers. The vacancy rate of just 0.98% echoes this high demand, offering a vibrant rental market with very few vacancies.

    Montmorency’s buy search index for houses, sitting at 5, matches the state’s average, suggesting a solid interest in the real estate supply within Montmorency.

    To conclude, while some metrics sit outside favoured ranges, the majority paint a compelling picture of Montmorency 3094 as a vibrant and stable market to consider for property investment. As with any potential investment, a keen eye on market developments is essential for long term success. The Relative Composite Score (RCS) developed by HtAG Analytics can be an invaluable tool, encompassing over 80 metrics to help inform and guide your decision.

    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.

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