Monash City, VIC

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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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.

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Yield chart
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Demand chart
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unit to houses pie charts
Renters to owners pie chart
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IRSAD chart
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Index chart
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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DOM chart
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Inventory chart
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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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.

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

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