5 Prospect Street

Montello TAS 7320

The size of Montello is approximately 0.7 square kilometres. It has 2 parks covering nearly 8.1% of total area. The population of Montello in 2011 was 1,198 people. By 2016 the population was 1,203 showing a population growth of 0.4% in the area during that time. The predominant age group in Montello is 20-29 years. Households in Montello are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Montello work in a community and personal service occupation. In 2011, 58.6% of the homes in Montello were owner-occupied compared with 59.1% in 2016.

Montello has 638 properties. Over the last 5 years, Houses in Montello have seen a 90.19% increase in median value, while Units have seen a 60.82% increase. As at 30 September 2024:

• The median value for Houses in Montello is $425,667 while the median value for Units is $357,806.
• Houses have a median rent of $360 while Units have a median rent of $300.