Montrose is a smaller suburb in Tasmania within the Glenorchy local government area (postcode 7010). With a population of 2,313, the suburb has an established demographic with a median age of 39. Households earn a median income of $72K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Montrose is $628,000, having dipped slightly 2.4% over the past year. Units have a median price of $450,000 (-10.7% YoY). The current median weekly rent is $325. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,349.
Public transport access includes 9 bus stops.
From an investment perspective, Montrose offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($628K/$750K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved -2.4% year-on-year.
Montrose is a smaller suburb in Tasmania within the Glenorchy local government area (postcode 7010). With a population of 2,313, the suburb has an established demographic with a median age of 39. Households earn a median income of $72K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Montrose is $628,000, having dipped slightly 2.4% over the past year. Units have a median price of $450,000 (-10.7% YoY). The current median weekly rent is $325. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,349.
Public transport access includes 9 bus stops.
From an investment perspective, Montrose offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($628K/$750K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved -2.4% year-on-year.