Located in Tasmania within the Glenorchy local government area, Montrose is a smaller suburb (postcode 7010). It is home to about 2,313 residents, with a settled mid-life population and a median age of 39. Households earn a median income of $72K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, professionals, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Montrose stand at $628,000, having dipped slightly by 2.4% over the last twelve months. Units have a median price of $450,000 (-10.7% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,349.
Public transport access includes 9 bus stops.
From an investment perspective, Montrose shows a gross rental yield of approximately 4.4%, rated as moderate 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. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.