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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Monterey, the median property price for a house is currently 2,410,000 with annual capital growth of 3.43 . There were 15 house sales in the past 12 months. On average, houses spend 28 days on market.
If you're thinking about buying an investment property in Monterey, consider that rental yields for houses are currently 2.39 with an average median rent of 910 weekly. Houses have seen -4.93 growth in the past quarter, and 3.43 growth in the past 12 months.
The size of Monterey is approximately 1.2 square kilometres. It has 7 parks covering nearly 26.5% of total area. The population of Monterey in 2011 was 4,330 people. By 2016 the population was 4,540 showing a population growth of 4.8% in the area during that time. The predominant age group in Monterey is 40-49 years.
Households in Monterey are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Monterey work in a professional occupation. In 2011, 66.1% of the homes in Monterey were owner-occupied compared with 66% in 2016.
In Monterey, the median property price for a unit is currently 780,000 with annual capital growth of 8.33 . There were 56 unit sales in the past 12 months. On average, units spend 27 days on market.
If you're thinking about buying an investment property in Monterey, consider that rental yields for units are currently 4.02 with an average median rent of 620 weekly. Units have seen 7.59 growth in the past quarter, and 8.33 growth in the past 12 months.
The size of Monterey is approximately 1.2 square kilometres. It has 7 parks covering nearly 26.5% of total area. The population of Monterey in 2011 was 4,330 people. By 2016 the population was 4,540 showing a population growth of 4.8% in the area during that time. The predominant age group in Monterey is 40-49 years.
Households in Monterey are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Monterey work in a professional occupation. In 2011, 66.1% of the homes in Monterey were owner-occupied compared with 66% in 2016.
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| Key Market Data | House | Unit |
| Median price | 2,410,000 | 780,000 |
| Quarterly growth | -4.93 | +7.59 |
| 12-month growth | +3.43 | +8.33 |
| Average annual growth | +12.29 | +1.33 |
| Weekly median rent | 910 | 620 |
| Gross rental yield | 2.39 | 4.02 |
| Number of Sales (12m) | 15 | 56 |
| Avg. Days on Market (12m) | 28 | 27 |
| Key Demographics | 2011 | 2016 |
| Total population | 4,330 | 4,540 |
| Population change (5y) | +4.39 | +4.80 |
| Median household income (p/w) | 1,281 | 1,500 |
| Household income change (5y) | +24.37 | +17.10 |
| Median age of persons | 41 | 41 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Monterey was 4,540 in 2016, a +4.80 change compared to 2011.
The predominant age group in Monterey is 40-49 years.
The population of Monterey was 4,540 in 2016, a +4.80 change compared to 2011.
The predominant age group in Monterey is 30-39 years.
Most of the population in Monterey were born in Australia.
Most of the population in Monterey were born in Australia.
Most of the population in Monterey report their religion as Orthodox.
Most of the population in Monterey report their religion as Orthodox.
Most of the population in Monterey report their income range as between 78,000 and 130,000 .
The median household income in Monterey was 1,500 in 2016, a +17.10 change compared to 2011.
Most of the population in Monterey report their income range as between 78,000 and 130,000 .
The median household income in Monterey was 1,281 in 2011, a +24.37 change compared to 2006.
Most of the population in Monterey work as Professional.
Most of the population in Monterey work as Professional.
The chart below demonstrates the various levels of education in Monterey.
The chart below demonstrates the various levels of education in Monterey.
Most of the population in Monterey reached a qualification level of Bachelor.
Most of the population in Monterey reached a qualification level of Certificate.
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