Get a property report and suburb profile for any property in Montmorency

Montmorency is a leafy north-eastern suburb centred on a village-style shopping strip along Were Street and its train station on the Hurstbridge line. Tree-lined streets contain interwar cottages, mid-century brick homes and renovated family houses set in established gardens, with a few lower-rise developments near the shops. Local parks, playgrounds and walking tracks along the Plenty River valley are handy for day-to-day recreation, and the shopping strip’s cafes, bakery and everyday shops form a local hub. Rail and main road links give easy access to the city and neighbouring suburbs, and major rail works rebuilt the station, added a second platform and increased services on the line.

Home to about 9,250 people with a median age of 41, Montmorency is weighted towards families and is mostly owner-occupied (82.4% of dwellings). Upgrades at Montmorency Secondary College and the primary school’s inclusion in the state modernisation program underline local investment in schools. That combination of established housing, neighbourhood amenities, parks and improved transport tends to suit families, professionals and downsizers who want a quieter suburban setting with convenient local services.

In Montmorency, buying is noticeably more stretched against local incomes at the last Census than renting. A median house price of $1,195,000 works out to about 11.1 times a typical local annual household income at the last Census (weekly household income $2,076, annual $107,952); the median unit price of $758,500 is about 7.0 times that annual income. On the rental side, a house rent of $685 a week would take roughly 33.0% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $520 a week would take about 25.0%, a moderate share.

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

Over the past 12 months Montmorency has shown a split between houses and units. Median house values rose 5.8% over the year, a solid increase, while median unit values fell 4.1%, a modest decline. On the rental side house rents edged up 0.7% and unit rents fell 1.9%.

For someone weighing Montmorency up as an investment, the figures mean the house side produced capital growth and a small lift in rental income over the year, whereas units declined in value and saw rents fall. Which of those outcomes matters most depends 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.