Montrose
With 36.3% of residents holding university qualifications, Montrose sits 6.2 percentage points above the national rate for a suburb that otherwise scores at decile 3 on all four SEIFA indexes, placing it in the lower third nationally for socioeconomic advantage. That gap between educational attainment and income rank, with household income at only the 39.6th percentile nationally, reflects a local economy anchored in healthcare (20.9% of workers) and public services rather than high-salary professions. Population has remained stable near 2,313 across the SA2 area, growing just 3.2% over the decade, while house prices have climbed from $103,750 in 1996 to $661,000 in 2026, a 537% gain over 30 years.
Population
2,313
Median Age
39.0
Household IncomeiMedian weekly household income (ABS Census)
$1,390/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Median House
$661K
YTD 2026
The median house price in Montrose reached $661,000 in 2026, up from $600,000 in 2024, a gain of 10.2% across two years. Separate houses make up 84.7% of the stock, giving buyers a predominantly detached market with relatively few apartment alternatives at 14.2%. Three-bedroom homes are the most common configuration at 47.6%, followed by 2-bedroom at 28.8%. Monthly mortgage repayments average $1,349, producing a mortgage-to-income ratio of 22.4%, which is below the 30% stress threshold and suggests repayments are manageable at median income levels. Outright owners at 36.1% outnumber mortgage holders at 33.7%, indicating a mix of long-term residents and newer buyers. The 30-year CAGR of 6.4% from 1996 signals sustained long-run appreciation compared to many regional Tasmanian markets.
For Buyers
The median house price in Montrose reached $661,000 in 2026, up from $600,000 in 2024, a gain of 10.2% across two years. Separate houses make up 84.7% of the stock, giving buyers a predominantly detached market with relatively few apartment alternatives at 14.2%. Three-bedroom homes are the most common configuration at 47.6%, followed by 2-bedroom at 28.8%. Monthly mortgage repayments average $1,349, producing a mortgage-to-income ratio of 22.4%, which is below the 30% stress threshold and suggests repayments are manageable at median income levels. Outright owners at 36.1% outnumber mortgage holders at 33.7%, indicating a mix of long-term residents and newer buyers. The 30-year CAGR of 6.4% from 1996 signals sustained long-run appreciation compared to many regional Tasmanian markets.
For Investors
Renters make up 30.2% of Montrose households, a solid tenant base in an owner-occupier-leaning suburb. Weekly rent of $343 against a $661,000 median implies a gross yield near 2.7%, modest by investment standards. The vacancy rate sits at 5.5%, above the healthy market threshold of around 3%, which can put downward pressure on rents in the short term. Development is minimal, with zero applications in the past 12 months, so no near-term supply pressure from new dwellings. Migration patterns show net overseas inflow of 33 per year offsetting net internal outflow of 43, leaving modest population pressure overall. Rent climbed 45.4% over the decade while real income grew 13.8%, meaning rents have outpaced income growth significantly and may be approaching affordability limits at the current 24.7% rent-to-income ratio.
Demographics
The median age of 39 is 1.0 year below the national figure, making Montrose slightly younger than the Australian average even as its demographic trajectory is classified as aging, with the senior share rising 4.2 points over the decade. Overseas-born residents account for 24.6%, which is 3.0 percentage points above the national rate. Ancestry is predominantly Anglo-Celtic, led by English (851), Irish (191) and Scottish (152). The non-English language with the largest speaker count is Nepali (71), reflecting recent South Asian migration alongside smaller Punjabi (19) and Hindi (14) communities. University qualifications at 36.3% run 6.2 points above the national benchmark. Average household size of 2.3 is 0.2 below national, consistent with the 30.9% couples-without-children share.
Age Distribution
Bedrooms
Dwelling Structure
84.7%
Houses
1.2%
Townhouse
14.2%
Apartment
Tenure
Montrose carries a price history stretching from $83,500 at trough in 1998 to the current $661,000 peak in 2026, a 537.1% rise over 30 years at a compound annual growth rate of 6.4%. Three-bedroom homes dominate at 47.6% of dwellings, with 2-bedroom at 28.8% and 4-plus bedroom at 17.8%. Tenure splits across 36.1% outright owners, 33.7% with a mortgage and 30.2% renters, a relatively even distribution compared to typical Australian suburbs where ownership is more concentrated. Monthly mortgage repayments average $1,349 with a mortgage-to-income ratio of 22.4% and rent-to-income at 24.7%, neither exceeding the 30% stress threshold. The stock is 84.7% separate houses, with apartments accounting for 14.2% and semi-detached just 1.2%, making this a substantially detached-dwelling market.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,349
Rent / wk
$343
HH Size
2.3
Personal Income / wk
$729
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
5.5%
Unoccupied
55
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
24.7%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
22.4%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
30.9%
Couples, no children
1,718
Total families
Economy & Employment
Healthcare dominates the local employment base at 20.9% of workers (160 people), more than double the share of the next largest sector, Retail at 10.7% (82 workers). Public Admin contributes 9.7% (74 workers) and Construction 8.1% (62 workers), while Professional/Tech employs 7.6% (58 workers). By occupation, Community/Personal service workers are the largest group at 183, closely followed by Professionals (174) and Clerical/Admin (173). The full-time employment rate of 58.9% and participation rate of 57.5% are moderate, with 704 residents not in the labour force, partly reflecting the older age profile. Unemployment sits at 5.6%, above the levels typical in higher-SEIFA suburbs. All four SEIFA indexes rank Montrose at decile 3, placing it below average nationally despite university qualifications running 6.2 points above the national rate.
Unemployment
2.5%
Labour Force
3,766
Unemployed
95
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
58.9%
Part-time
35.5%
Participation
57.5%
Employed
1,078
Occupations
Top Industries
University
36.3%
Postgraduate
13.1%
Born Overseas
24.6%
Dwellings
945
Transport to Work
Car dependence is high in Montrose, with 79.8% of workers driving to their jobs compared to the national norm, and public transport accounting for just 7.1%, below what urban Tasmanian infrastructure can generally support. Walking and cycling together account for 4.7% of commutes. Safety data is not available for Montrose at the SA2 level in this dataset, so no crime rate comparison can be made. No schools are recorded within the suburb boundary, so families rely on surrounding schools in the Glenorchy area. The IRSAD decile of 3 places Montrose in the lower tier of socioeconomic advantage nationally, yet housing stress indicators are benign: rent-to-income at 24.7% and mortgage-to-income at 22.4% both sit below the 30% stress threshold. Volunteering participation at 14.6% and the 78.4% share of residents who stayed within the SA2 over five years point to an established, stable community.
Drive
79.8%
Public Transport
7.1%
Walk / Cycle
4.7%
Work from Home
N/A
Population Forecast
-0.04%/yr
(-3 people/yr)
EstablishedPopulation in the broader SA2 area has held near 6,900 over 2023-2025 with negligible change, and the medium forecast projects a gradual decline to around 6,940 by 2031, or a loss of roughly 3 people per year. The 10-year growth figure of 3.2% places Montrose in the slow-growth category compared to faster-growing Tasmanian suburbs. Migration dynamics show overseas arrivals (33 per year average) partially offsetting internal outflows (43 per year), resulting in a small net population loss from migration. The suburb's gentrification score reads early signs at 27 out of 100, with rent rising 45.4% over the decade while real incomes grew only 13.8%, a gap that typically precedes demographic shift. The affordability ratio moved from 40.9% in 2011 to 42.5% in 2021, described as stable, suggesting buyers have absorbed price growth without dramatic access changes.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+33
Net Internal / yr
-43
Gentrification Signal
Not gentrifying
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Montrose compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Montrose a good suburb to live in?
Montrose offers a stable, established environment with 84.7% detached houses and a median age of 39. Housing stress is low, with mortgage-to-income at 22.4% and rent-to-income at 24.7%. The suburb ranks at SEIFA decile 3 nationally, meaning it sits below average on socioeconomic advantage, though university qualifications at 36.3% are 6.2 points above the national rate.
What is the median house price in Montrose?
The median house price reached $661,000 in 2026, up from $600,000 in 2024. The 30-year compound annual growth rate is 6.4%, rising from a trough of $83,500 in 1998. Monthly mortgage repayments average $1,349, representing 22.4% of median household income.
What schools are in Montrose?
No schools are recorded within the Montrose suburb boundary in this dataset. Families typically access schools in adjacent Glenorchy-area suburbs. Despite this, 36.3% of local residents hold university qualifications, which is 6.2 percentage points above the national figure.
Is Montrose safe?
Suburb-level crime statistics for Montrose are not available in this dataset. As a broader indicator, the suburb scores SEIFA decile 3 on the IRSD index of relative disadvantage, placing it in the lower third nationally. The high proportion of long-term residents, with 78.4% remaining in the area over five years, suggests underlying community stability.
Is Montrose good for property investment?
Weekly rent of $343 against a $661,000 median gives an indicative gross yield near 2.7%, which is modest. The 5.5% vacancy rate is above healthy market levels, indicating some excess supply. Rent grew 45.4% over the decade, well above real income growth of 13.8%, though the 30.2% renter share provides a steady tenant base.
How is Montrose's population changing?
The SA2 population has been broadly flat, recorded at 6,909 in 2023 and 6,904 in 2025. Medium forecasts project a gradual decline to around 6,940 by 2031. Overseas migration brings in approximately 33 residents per year, offset by net internal outflow of 43, resulting in a slight population drift downward.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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