Montmorency is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3094). With a population of 9,250, the suburb has an established demographic with a median age of 41. Households earn a median income of $108K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Montmorency is $1.1 million, having increased 2.7% over the past year. Units have a median price of $840,000 (+3.3% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.3%. 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 8,647 incidents per 100,000 population.
From an investment perspective, Montmorency offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.1M/$875K), 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.
Montmorency is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3094). With a population of 9,250, the suburb has an established demographic with a median age of 41. Households earn a median income of $108K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Montmorency is $1.1 million, having increased 2.7% over the past year. Units have a median price of $840,000 (+3.3% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.3%. 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 8,647 incidents per 100,000 population.
From an investment perspective, Montmorency offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.1M/$875K), 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.