Question 1

Is Montello a nice place to live?

Accepted Answer

Montello is an established residential suburb of Burnie on a modest rise above the town, with a quietly suburban feel. Its streets mix post-war weatherboard cottages and brick homes with occasional newer infill, and many properties have backyards large enough for gardens and hobby projects. The community of 1,241 people has a median age of 40 and draws a broad cross-section of residents, including families, tradespeople and retirees. Homes are mostly owner-occupied, with 61.7% owned and 38.3% rented.

Daily errands are straightforward thanks to easy access to Burnie’s shopping and waterfront precincts and the Bass Highway. Montello Primary School is undergoing a major redevelopment to provide modern learning spaces, upgraded amenities and improved accessibility. Whether Montello suits you will come down to whether you want an established, practical location close to town services and parks.

Question 2

Is it expensive to live in Montello?

Accepted Answer

Buying in Montello sits well above what local households earned at the last Census. A median house price of $510,000 is about 9.7 times a typical local household's annual income at the last Census, which puts buying at a high multiple of local earnings.

Renting a house would also take a large share of income. At $430 a week, rent would be roughly 42.4% of a typical local household's weekly income at the last Census, so if you are renting rather than buying that rent share is the number that matters. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Montello a good place to invest?

Accepted Answer

House values in Montello climbed 19.0% over the past 12 months, a strong rise in what a house here is worth. Over the same period, house rents rose 2.4%, a modest increase in the rental income those properties would earn.

For someone weighing Montello up as an investment, the figures show capital growth has been the stronger performer this year while rental income moved more modestly; which of those matters more will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$510K	N/A
Change in value Past 12 months	19.0%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$430	N/A
Change in rent Past 12 months	2.4%	N/A

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