All About Montrose, Glenorchy, TAS, 7010

Montrose, a suburb of Glenorchy in Tasmania, has become increasingly appealing in recent years, attracting both families and professionals with its serene environment and relatively affordable housing market. Nestled along the Derwent River, Montrose offers a unique blend of natural beauty and suburban convenience, which has contributed to a steady demand in its real estate market. Housing options in Montrose range from charming older homes that reflect the suburb's established history to more modern constructions catering to a diverse population. This variety provides potential homeowners and investors with a broad spectrum of price points and styles, making the market accessible for a wide array of buyers. Due to growing interest, property prices have experienced gradual increases, although Montrose still remains an affordable option compared to its more urban neighbors nearer to Hobart's city center.

Living in Montrose offers residents a quiet, community-oriented lifestyle with the added benefits of picturesque landscapes and convenient access to amenities. The suburb is renowned for its scenic views, particularly those gazing over the river and towards the lush mountains, making it an attractive place for those appreciating outdoor activities and natural beauty. Local facilities such as schools, parks, and shopping centers in nearby Glenorchy cater to the day-to-day needs of its residents, while the community vibe is enhanced through regular local events and outdoor gatherings at locations like the Montrose Bay Foreshore Reserve. Its proximity to Hobart, approximately 15 minutes by car, also allows easy commuting for work or leisure, offering an ideal balance between rural tranquility and urban accessibility. Overall, Montrose provides a welcoming, family-friendly environment with a growing sense of modernity, making it an ideal place for those seeking a comforting yet dynamic community.

Montrose Real Estate Market Outlook

Thinking about buying in Montrose? Now could not be a better time, with 1271 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $339,000 with prices in this suburb ranging from $24,000 to $1,669,000. The aproximate distance to the coast is 14 Km.

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.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!