Montrose is a mid-sized suburb in Victoria within the Yarra Ranges local government area (postcode 3765). With a population of 6,900, the suburb has an established demographic with a median age of 41. Households earn a median income of $109K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Montrose is $884,000, having increased 4.4% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,000.
Montrose is served by 2 schools, including 2 primary. The average ICSEA score is 1049, which is around the national average of 1,000. Public transport access includes 38 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Montrose offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($884K/$875K). The price-to-income ratio of 8.1x is considered moderate. House prices have moved +4.4% year-on-year.
Montrose is a mid-sized suburb in Victoria within the Yarra Ranges local government area (postcode 3765). With a population of 6,900, the suburb has an established demographic with a median age of 41. Households earn a median income of $109K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Montrose is $884,000, having increased 4.4% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,000.
Montrose is served by 2 schools, including 2 primary. The average ICSEA score is 1049, which is around the national average of 1,000. Public transport access includes 38 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Montrose offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($884K/$875K). The price-to-income ratio of 8.1x is considered moderate. House prices have moved +4.4% year-on-year.