Monterey, NSW 2217: Suburb Profile & Property Report

Market Report

House report
Unit Report

Monterey has 20 houses available for sale. The median property price for a house is currently $2,400,000 with annual capital growth of 3.67% . 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 2.38% with an average median rent of $938 weekly. Houses have seen -8.05% growth in the past quarter, and 3.67% 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.

Monterey has 62 units available for sale. The median property price for a unit is currently $900,000 with annual capital growth of 34.33% . There were 56 unit sales in the past 12 months. On average, units spend 29 days on market.

If you're thinking about buying an investment property in Monterey, consider that rental yields for units are currently 4.06% with an average median rent of $620 weekly. Units have seen 18.42% growth in the past quarter, and 34.33% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$2,400,000	$900,000
Quarterly growth	-8.05%	+18.42%
12-month growth	+3.67%	+34.33%
Average annual growth	+11.70%	+4.42%
Weekly median rent	$938	$620
Gross rental yield	2.38%	4.06%
Number of Sales (12m)	15	56
Avg. Days on Market (12m)	28	29

Jump to Market Trends

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

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Monterey is $2,400,000 for houses and $900,000 for units.

The Median Growth in Monterey over the past 12 months is 3.67% for houses and 34.33% for units.

Over the past 12 months there were 15 houses sold and 56 units sold in Monterey. On average, houses spent 28 days on market and units spent 29 days on market.

In the past 12 months up to August 2024 there were 15 houses sold and 56 units sold in Monterey. On average, houses spent 28 days on market and units spent 29 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Monterey is $938 for houses and $620 for units.

The Rental Yield in Monterey is 2.38% for houses and 4.06% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

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 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.

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.

2011 2016

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This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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