All About Montello, Burnie, TAS, 7320

Montello, a quaint suburb of Burnie in Tasmania, offers a unique and appealing housing market characterized by a blend of affordability and charm. As of now, the suburb is primarily composed of older-style homes that often come with spacious yards, providing excellent opportunities for families and first-time buyers looking to enter the housing market. The area is known for its community vibe, with many locals having lived there for decades, which can make finding a home feel like stepping into a tightly-knit neighborhood. Additionally, recent years have seen a modest increase in renovations and new constructions, slowly modernizing the suburb without compromising its traditional appeal. Despite these changes, Montello remains an accessible suburb where your investment can go further compared to more densely populated areas.

Living in Montello offers a pleasant and laid-back lifestyle with a strong sense of community and plenty of family-friendly amenities. Nestled among scenic hillsides, the suburb provides residents with quick access to natural beauty, including parks and walking trails. The close proximity to Burnie’s city center means residents can enjoy the conveniences of urban living, such as shopping, dining, and recreational activities, without the hustle and bustle of city life. Montello also boasts good schools and local services, making it ideal for families. The welcoming nature of the community, coupled with the suburb’s tranquil environment, makes Montello an appealing place for those looking to enjoy the best of both worlds: reliable neighborhood bonds and the serenity of coastal Tasmania.

Montello Real Estate Market Outlook

Thinking about buying in Montello? Now could not be a better time, with 735 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $241,000 with prices in this suburb ranging from $22,000 to $1,576,000. Montello is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Montello there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Montello is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Montello changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Montello to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Montello we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Montello a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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