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Montrose suburb profile

Montrose is a small waterside suburb on Montrose Bay in Hobart’s northern suburbs, noted for its quiet residential feel and views across the River Derwent. The area is largely made up of modest single-storey homes and some low-rise units, attracting a mix of families and retirees who appreciate easy access to the foreshore. Outdoor life revolves around riverside walks and boating on the bay, while everyday shops and services are a short trip into neighbouring Glenorchy. Good road connections make the city easy to reach, so Montrose feels like a relaxed coastal pocket within greater Hobart.

Montrose property market performance

Montrose has relatively few recent property sales, so there isn't enough data to publish a reliable median price for houses or units. House values have risen sharply, up 10.5% over the last 12 months.

Over the last 3 months, 9 houses and 5 units were sold. Houses and units sold in a similar time over the last 12 months, with median days on market of 24 and 27 respectively.

The rental market in Montrose recorded average house rents of $603 a week over the last 12 months, up a solid 9.6% for houses. Units averaged $470 a week over the same period.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
10.5%N/A
Sold
Past 3 months
95
Median days on market
Past 12 months
2427
Average rent
Past 12 months
$603$470
Change in rent
Past 12 months
9.6%N/A

5 year median price trend for houses and units

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Montrose demographics

Montrose is a community of 2,313 people with a median age of 39 and a typical household income of $1,390 a week, roughly $72,300 a year.

Among reported families, couple households are most common: 41.5% are couple families without children and 37.9% are couple families with children, together making up 79.4% of families. One-parent families account for 17.4% and other families 3.2%.

Homes in Montrose are mostly owner-occupied, with about 69.8% owned (36.1% owned outright and 33.7% owned with a mortgage) and 30.2% rented.

Suburbs near Montrose

Some popular suburbs near Montrose include:

  • Rosetta: Mostly residential suburb on the River Derwent foreshore, with established streets.
  • Glenorchy: Major urban centre for the Glenorchy area, with civic and retail services.
  • Berriedale: Coastal suburb beside the River Derwent, mixing residential areas and bush reserves.
  • Goodwood: Quiet residential suburb in the Hobart metropolitan area, with established housing.
  • Derwent Park: Mixed industrial and commercial suburb close to the River Derwent, with river views.

How does Montrose compare to nearby suburbs?

  • Median house prices: Montrose’s median house price is 3.2% higher than Glenorchy’s.
  • House price growth: Property prices in nearby Rosetta have risen 5.4% more than in Montrose over the past year.
  • Selling speed for houses: Properties in Montrose are selling 17.2% faster than in Rosetta.
  • Selling speed for units: Properties in nearby Glenorchy are selling 14.8% faster than in Montrose.
  • Investment considerations: In Montrose, the rental yield for house is 1.3% higher than the Hobart average, while the rental yield for units is .0% lower.
  • House price growth: Over the past 12 months, house prices in Montrose have grown 10.9% lower than the average rate of growth across Hobart.
  • Unit price growth:Over the past 12 months, unit prices in Montrose have grown 3.1% lower than the average rate of growth for units across Hobart.

Choose the right real estate agents in Montrose

Choosing the right real estate agent in Montrose can have a big impact on your sale. While there are 34 real estate agents working in the suburb, but just 5 of them were responsible for 29.3% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.63% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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