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Monash City, VIC

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Monash is a local government area in Melbourne, located in the city’s south-eastern suburbs. The Monash City, Victoria property market is a mix of detached houses, townhouses, and apartments. The market is very active, with properties selling quickly and prices often reaching or exceeding the asking price.

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The Monash City economy is service-based, with a strong focus on education, health care and technology. The city is home to a number of high-tech businesses, and there is a growing startup scene. The city also has a strong manufacturing sector, with a number of automotive and aerospace businesses. The city’s major exports include automotive components, medical devices and software.

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.

Most homes in Monash City, Victoria are detached houses on relatively large lots. The neighbourhoods are typically quiet and family-oriented. There are also a number of apartments and townhouses available for rent or purchase. 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.

There are a few things to take into account when investing in property in Monash City, Victoria. Firstly, it is important to do your research and understand the current market conditions. Properties in Monash City are generally quite expensive, so it is important to be realistic about your budget and what you can afford.

Discover the latest real estate trends in Monash City with the help of interactive dashboard on this page.

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Suburb Heatmap Analysis

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.

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Rent 

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Yield 

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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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Property Market in Monash City, VIC

What other property markets are there near Monash City, VIC?

Monash City is surrounded by 6 other council areas – Glen Eira, Whitehorse, Stonnington, Kingston, Boroondara, Knox.

How many people live in Monash City, VIC?

There are approximately 182000 people living in roughly 71000 dwellings in total, with an average household size of 2.7.

What major retailers are there in Monash City, VIC?

The main retail centres are M-City Shopping Centre, Clayton Shopping Plaza, Chadstone – The Fashion Capital, Monash Merchant, The Glen.

What is the main industry in Monash City, VIC?

Such sectors as Electricity, Gas, Water & Waste Services, Agriculture, Forestry & Fishing, Mining make up the largest part of the employment.

What are the dominant demographic groups in Monash City, VIC?

Among approximately 182000 people in Monash city males and females make roughly 49% and 51% respectively. The median age of people is 37 years. Children aged 0-14 years account for approximately 16% of the population, and those aged 65+ years account for 17%.

How is unemployment rate trending in Monash City, VIC?

Among approximately 87000 people employed, roughly 56% work full-time, 32% work part-time, and an estimated 8% are unemployed.

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