Thinking about buying in Montrose? Now could not be a better time, with 3009 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,219,000 with prices in this suburb ranging from $297,000 to $9,016,000. The aproximate distance to the coast is 27 Km.

Montrose Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Montrose driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Montrose ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Montrose provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Montrose the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Montrose

	1042 MOUNT DANDENONG TOURIST RD, MONTROSE, VIC, 3765	5	4	3	For Sale $1,700,000 - $1,870,000
	UNIT 37, 65-67 CANTERBURY RD, MONTROSE, VIC, 3765	3	2	2	$800,000 - $880,000
	25 HAWKINS RD, MONTROSE, VIC, 3765	3	1	3	Under Contract
	10 ST GEORGES AV, MONTROSE, VIC, 3765	5	2	4	Under Contract
	7 JUBILEE RD, MONTROSE, VIC, 3765	3	2	2	$740,000 - $780,000
	UNIT 3, 52 BROWNS RD, MONTROSE, VIC, 3765	2	1	1	540000
	801-801A MT DANDENONG RD, MONTROSE, VIC, 3765	0	0	0	650000
	376-380 SHEFFIELD RD, MONTROSE, VIC, 3765	4	2	3	$860,000 - $946,000

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General Points of Interest

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