Garden Island vs Montello
Property investment comparison - Garden Island, TAS 7112 vs Montello, TAS 7320
Head-to-head across core investment metrics: Garden Island wins 2, Montello wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Garden Island | Montello |
|---|---|---|
| Median house price | $500K | $505K |
| Median unit price | $435K | $255K |
| Gross rental yield (houses) | 6.06% | 4.70% |
| Gross rental yield (units) | 6.38% | 7.39% |
| 1-year house growth | - | +19.7% |
| 3-year house growth | - | +24.9% |
| Vacancy rate | 8.1% | 1.5% |
| Population | 0 | 1,241 |
Garden Island vs Montello: what the numbers say
The median house price is $500K in Garden Island and $505K in Montello, so Garden Island is the cheaper entry point, with Montello houses about 1% dearer.
For units, Garden Island sits at a median of $435K against $255K in Montello, which makes Montello the more affordable unit market and Garden Island the pricier one.
On cash flow, Garden Island leads: houses there return a gross rental yield of 6.06%, compared with 4.70% in Montello, a gap of 1.36 percentage points.
Rental vacancy is 1.5% in Montello and 8.1% in Garden Island, so landlords in Montello face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
In short: Garden Island for rental income, Garden Island for a lower purchase price, Montello for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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