Monash City, VIC
Monash is a local government area in Melbourne, Victoria, Australia. It is located in the city’s south-eastern suburbs and has an area of 81.5 square kilometres. Monash’s population is varied, with 45 % of inhabitants born overseas (compared to 29.0 % nationally), hailing from more than 30 countries and include sizable Chinese, British, Greek, Indian, Malaysian, and Sri Lankan communities. Residents own their homes outright at a rate of 42.4 %, compared to 33.1 % in Melbourne and 37.3 % nationally. The city is well educated, with 25.1 % of residents holding a bachelor’s degree or more (compared to 19.6 % nationally).
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Professionals (30.4 %), clerical and administrative workers (14.2 %), managers (13.7 %), technicians and trades workers (10.4 %), and sales workers (10.1 %) are the most frequent jobs in Monash.
Monash residents aged 15 years and older have a median weekly personal income of $569.
In Monash, 71.7 % of occupied private residences are detached houses, 15.4 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 12.5 % are flats or apartments, and 0.1 % are other dwellings.
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Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Buy
2BR
3BR
4BR
5BR
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
2BR
3BR
4BR
5BR
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
2BR
3BR
4BR
5BR
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Buy
1BR
2BR
3BR
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
1BR
2BR
3BR
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
1BR
2BR
3BR
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in Monash City, VIC
Monash City is surrounded by 6 other council areas – Glen Eira, Whitehorse, Stonnington, Kingston, Boroondara, Knox.
Suburbs/localities in this Local Government Area: Glen Waverley 3150, Hughesdale 3166, Huntingdale 3166, Mount Waverley 3149, Mulgrave 3170, Notting Hill 3168, Oakleigh 3166, Oakleigh East 3166, Wheelers Hill 3150, Burwood 3125, Chadstone 3148, Clayton 3168, Ashwood 3147