Located in Victoria within the Banyule local government area, Montmorency is a mid-sized suburb (postcode 3094). It is home to about 9,250 residents, with an established demographic and a median age of 41. Households earn a median income of $108K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Montmorency has a median house price of $1.1 million, which has moved higher by 2.7% year-on-year. Units have a median price of $813,000 (-3.3% YoY). The current median weekly rent is $640. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Montmorency is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1108, which is well above the national average of 1,000. Public transport access includes 1 rail station, 28 bus stops. The crime rate in the Banyule LGA is higher than average at 8,182 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are above the state median ($1.1M/$850K), placing it in the premium segment. The price-to-income ratio of 10.7x is considered stretched. House prices have moved +2.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.