Median Sale Price
House
$357K
Updated on May 2022
2 BR $314K | 3 BR $361K | 4 BR $450K |
Unit
$199K
Updated on May 2022
1 BR - | 2 BR $199K | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $185,000 | 0.0% | $185,000 | $185,000 | 1 |
| 2010 | - | - | - | - | - |
| 2011 | $166,500 | -11.1% | $166,500 | $166,500 | 1 |
| 2012 | - | - | - | - | - |
| 2013 | $349,000 | +52.3% | $235,000 | $349,000 | 3 |
| 2014 | $208,000 | -67.8% | $110,000 | $565,000 | 18 |
| 2015 | $187,000 | -11.2% | $129,000 | $437,500 | 19 |
| 2016 | $182,500 | -2.5% | $120,500 | $305,055 | 26 |
| 2017 | $195,000 | +6.4% | $129,000 | $550,000 | 28 |
| 2018 | $210,000 | +7.1% | $135,000 | $390,000 | 38 |
| 2019 | $190,000 | -10.5% | $110,000 | $350,000 | 19 |
| 2020 | $282,000 | +32.6% | $175,000 | $478,500 | 26 |
| 2021 | $330,000 | +14.5% | $205,000 | $565,000 | 44 |
| 2022 | $450,000 | +26.7% | $335,000 | $1,350,000 | 17 |
Median Sale Price
$370K
Based on 40 recorded sales within the last 12 months
Updated on 27 Jun 2022
Suburb Growth
+22.3%
Current Median Price: $370,000
Previous Median Price: $287,511
Based on 72 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$320
Updated on May 2022
2 BR $330 | 3 BR $305 | 4 BR $450 |
Unit
$280
Updated on May 2022
1 BR $203 | 2 BR $280 | 3 BR $350 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | $260 | 0.0% | $260 | $260 | 1 |
| 2013 | - | - | - | - | - |
| 2014 | $225 | -15.6% | $190 | $270 | 10 |
| 2015 | $240 | +6.3% | $150 | $400 | 39 |
| 2016 | $240 | 0.0% | $180 | $330 | 33 |
| 2017 | $240 | 0.0% | $175 | $400 | 31 |
| 2018 | $260 | +7.7% | $180 | $450 | 24 |
| 2019 | $250 | -4.0% | $210 | $470 | 27 |
| 2020 | $290 | +13.8% | $225 | $380 | 15 |
| 2021 | $315 | +7.9% | $230 | $430 | 13 |
| 2022 | $375 | +16.0% | $320 | $500 | 9 |
Median Rent Price
$365
per week
Based on 16 recorded rent within the last 12 months
Updated on 27 Jun 2022
Rent Price Growth
+17.8%
Current Median Rent: $365
Previous Median Rent: $300
Based on 27 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.1%
Current Median Price: $370,000
Current Median rent: $365
Based on 56 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
Schools closest to Montello, TAS 7320
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Montello Primary School | BIRD STREETBURNIE 7320 | Primary | Government | 0.56 km |
| Stella Maris Catholic School | 24-26 FUTUNA AVEBurnie 7320 | Primary | Catholic | 0.92 km |
| Burnie Primary School | VAN DIEMENS CRESCENTBURNIE 7320 | Primary | Government | 1.11 km |
| Marist Regional CollegeTop 20 | PARAKA STBurnie 7320 | Secondary | Catholic | 1.2 km |
| Romaine Park Primary School | Romaine 7320 | Primary | Government | 1.5 km |