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Montrose, VIC 3765
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$980,000
market range $950K-$1.1M
Median Unit
$635,000
list-price estimate
Gross Yield (houses)
3.6%
1yr Growth (houses)
+2.9%
market range +0.0% to +12.5%
Investment snapshot for Montrose
Montrose has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Montrose market and investor summary
Montrose (VIC 3765) runs a median house price of $980K, with houses yielding a gross 3.6%. House prices have moved +2.9% over the past year and +15.8% over three years. At 0.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet.
Living in Montrose: people, income and schools
Montrose has a resident population of roughly 6,900, a count that has slipped about 2% over five years. The median age is 41, skewed a little older, and 89% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $109,000 a year, or roughly $2,090 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
There are 22 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 33 km from the CBD. It is fairly car-dependent; the suburb scores 30 for walkability and 35 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 6,900
- -2% over 5yr
- Median age
- 41 years
- Median household income
- $109,000/yr
- Households renting
- 11%
- Family households
- 51%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 22
- avg ICSEA 1043
- Unemployment
- 2.5%
- Distance to CBD
- 33 km
- Walk score
- 30/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Montrose
View all →Frequently asked questions about Montrose
What should I check before investing in Montrose?
Montrose has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.3% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Montrose?
The median property price in Montrose, VIC 3765 is $980K for houses.
What rental yield does Montrose show?
The gross rental yield in Montrose is 3.6% for houses and 3.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Montrose?
House prices in Montrose are up 2.9% over the past year and up 15.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Montrose?
The current vacancy rate in Montrose is 0.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Montrose?
Montrose has a population of approximately 6,900 residents, with a median age of 41.
What schools are near Montrose?
There are 22 schools within roughly 5km of Montrose. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Montrose affordable to buy in?
A median house in Montrose costs about 9.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Montrose's population growing?
The population of Montrose has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Montrose from the CBD?
Montrose is about 33 km from the CBD.
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