All About Montrose, Yarra Ranges, VIC, 3765

Montrose, located in the Yarra Ranges of Victoria, offers a unique blend of countryside charm and suburban convenience, making its housing market quite appealing to a diverse range of buyers. Over recent years, the area's real estate market has experienced steady growth, driven by its picturesque location at the foothills of the Dandenong Ranges and its proximity to Melbourne, just a 45-minute drive away. Homes in Montrose are characterized by spacious properties, often featuring large gardens and stunning views of the surrounding natural landscape. The market predominantly consists of detached houses that appeal to families and individuals seeking tranquility without sacrificing accessibility to urban amenities. The demand for properties in Montrose remains strong, reflecting the suburb's reputation for offering a peaceful lifestyle with a sense of community.

Living in Montrose is often described as idyllic, thanks to its lush greenery and a strong sense of community spirit. Residents enjoy a lifestyle that balances outdoor recreation with cultural and social activities. The area is rich in parks and recreational facilities, such as the Montrose Community Playground and the Montrose Brickworks Flora Reserve, providing ample opportunities for hiking, picnicking, and exploring natural habitats. Additionally, the local community is vibrant and active, with regular events, markets, and festivals. The Montrose township itself offers essential services, quaint cafes, and shops that contribute to a welcoming village atmosphere. Families are particularly drawn to Montrose for its excellent local schools and safe, friendly environment, making it an attractive option for those wanting to escape the hustle and bustle of city life while staying connected to Melbourne's offerings.

Montrose Real Estate Market Outlook

Thinking about buying in Montrose? Now could not be a better time, with 3009 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,219,000 with prices in this suburb ranging from $297,000 to $9,016,000. The aproximate distance to the coast is 27 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.

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