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

Montrose is a delightful suburb that offers a charming blend of natural beauty and community spirit, making it a wonderful place to call home. Nestled at the foothills of the Dandenong Ranges, Montrose is renowned for its lush greenery and scenic views, providing a tranquil and serene environment that is perfect for those seeking a peaceful lifestyle. The suburb's close-knit community is supported by a variety of local shops, cafes, and reputable schools, making it particularly appealing to families who value a safe and nurturing environment for their children.

Living in Montrose means embracing a lifestyle that is closely connected to nature, with easy access to walking trails and parks that offer endless opportunities for outdoor activities and exploration. The suburb's proximity to the Dandenong Ranges National Park further enhances its appeal, providing a haven for nature lovers and outdoor enthusiasts. While Montrose may not offer the bustling nightlife of inner-city areas, its relaxed suburban vibe and strong community feel more than compensate for this, offering a quieter and more laid-back lifestyle.

For families, Montrose provides a supportive and inclusive atmosphere, with a variety of housing options ranging from charming older homes to modern residences. The suburb's focus on long-term residency and family-oriented living is evident in its high level of home ownership, which contributes to the stability and strong sense of community that residents enjoy. However, it's worth noting that public transport options within Montrose are somewhat limited, although the suburb benefits from proximity to Mooroolbark railway station and Telebus services, which offer flexible transport connections for commuters.

Overall, Montrose is a fantastic choice for those who appreciate a peaceful, family-friendly environment with a strong community spirit and easy access to natural attractions. While it may require some trade-offs in terms of direct public transport options, the suburb's serene setting and community-oriented amenities make it a highly desirable place to live for families and individuals seeking a slower pace of life.

Living in Montrose can be considered moderately expensive, particularly when it comes to buying property. The current median house price in Montrose is $1,024,000, which is quite significant. For those who prefer renting, the average rent for houses is $665 per week. It's important to note that there are no current data for units, as they seem to be less common in this area.

When we compare the average annual wage in Montrose, which is $81,000, to the average wage in Victoria, it's roughly on par. However, the relatively high property prices and rental costs in Montrose mean that a larger portion of income would be needed to cover housing expenses compared to other areas. This can make living in Montrose a bit of a stretch for those earning the average wage, especially if they are looking to buy a home.

Overall, Montrose offers a charming lifestyle with its scenic surroundings and community feel, but the cost of living, particularly in terms of housing, is on the higher side. If you're thinking of living in Montrose, it's essential to consider your financial situation and ensure that it aligns with the expenses associated with this picturesque suburb.

Montrose presents a stable investment opportunity, particularly for those seeking long-term growth rather than quick gains. The suburb has experienced a modest 1.2% increase in median house values over the past year, while unit values have remained steady. This stability suggests a resilient market that isn't prone to the dramatic fluctuations seen in some other areas.

While rental prices for both houses and units have not changed over the last year, Montrose's appeal lies in its consistent demand and family-friendly environment. The suburb is known for its scenic beauty, nestled at the foothills of the Dandenong Ranges, which attracts both renters and buyers looking for a peaceful lifestyle away from the hustle and bustle of the city. This makes Montrose an attractive option for investors seeking reliable rental income and gradual property appreciation.

Overall, Montrose may not offer the rapid capital growth seen in some other suburbs, but its steady market performance and appealing lifestyle make it a solid choice for investors who value stability and long-term potential.