montrose

3765, Victoria

Real Estate & Property Information

Median
Price Rank
299

montrose Suburb Profile & Review

Located in the foothills of Mount Dandenong, Montrose is a gateway to both the Yarra Valley and the Dandenong Ranges. Due to its fantastic location, the township is home to many bed and breakfasts, and local businesses benefit from the resulting tourism.

On the third Saturday of every month (excluding January) the Montrose Community Craft Market takes place on Swansea Road. Produce, home-made crafts, delicious home-baked and home-grown goodies can all be purchased.

A number of sports and recreational clubs use the Montrose Reserve as their base. The playground is also frequented by local residents with their children. There are two primary schools, Montrose Primary School and Billanook Primary School. There are three churches in the town, including a Church of Scientology. The closest train station is Mooroolbark Station on the Lilydale line, and this is a ten minute drive away.

montrose Demographic Data

$ 440,000 Median House Price

41 Minutes Average Commute

40 Median Age

6,732 Population

51.46 % Female

48.54 % Male

1809 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in montrose, Victoria.

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montrose Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

montrose Median House Prices

  • 2008 $ 342,495
  • 2009 $ 360,000
  • 2010 $ 400,000
  • 2011 $ 440,000
  • 2012 $ 440,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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montrose 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in montrose have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term montrose property price predictions.

montrose Market Property Types

  • 93 % Seperate House
  • 6 % Semi Detached
  • 1 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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montrose Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

montrose Income & Mortgage Stats

  • $ 1,389 Median Weekly Household Income
  • $ 1,733 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in montrose

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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montrose Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

montrose Sold Property Prices

montrose Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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montrose Restaurants

  • Fortune Hut835 Mount Dandenong Roadmontrose VIC 376503 9728 3288
  • De Montrose Chinese Restaurant926 Mount Dandenong Tourist Roadmontrose VIC 376503 9728 6588
  • Basil Leaf926 Mt Dandenong Tourist Rd montrose VIC 376503 9761 8188

montrose Cafes

  • The Faraway Tree Cafe7 Currawong Road montrose VIC 376504 3809 3990
  • Mountain Hub Cafe970 Mt Dandenong Tourist Roadmontrose VIC 376503 9728 8840
  • Babblers Pizzeria and Coffee Lounge2/11 Leith Roadmontrose VIC 376503 9728 6066

montrose Schools

  • Billanook Primary SchoolSheffield Roadmontrose VIC 3765(03) 9728 2624State Primary School
  • Montrose Primary SchoolLeith Roadmontrose VIC 3765(03) 9728 2203State Primary School

montrose Childcare

  • ABC Learning CentreCnr York & Swansea Rdsmontrose VIC 3765

montrose Kindergarten and Preschools

  • Montrose PreschoolLeith Roadmontrose VIC 3765
  • Sarah Court Preschool25 Sarah Courtmontrose VIC 3765

montrose Sporting Centres and Clubs

  • Lilydale Bowmenmontrose VIC 3765
  • Fraser Reserve, Montrosemontrose VIC 3765Tennis Club & Courts
  • Montrosemontrose VIC 3765Tennis Club & Courts

montrose Retirement Villages

  • Beatrix Villagemontrose VIC 3765
  • Kirkbrae Presbyterian Homesmontrose VIC 3765

Find out How Much your House is Worth in montrose

Request a free market Basic Report for montrose to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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