With a capital gain of -0.13% for the last 12 months, Monterey, 2217 has performed for property investments than its average annual 8.57% property growth over the last 5 years.
The five-year average increase in median property values for Monterey,2217 has given property investors a potential capital gain of 72.41% across each of those five years.
Our latest figures would indicate that property sellers in Monterey are currently offering property investors an average price cut of -5.54% below the asking price at the moment.
At number 1229 in a list of fastest selling suburbs, Monterey is in the TOP 40% of suburbs in Australia with an average of days on market 66.16 for properties listed there.
Monterey is 1124th on a list of best yielding suburbs for rents in NSW with a 2.16% return
Investment property in Monterey has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.27%
Monterey,2217 was ranked 943 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Monterey itself are offering an average vendor discount of -3.31% to real estate investors.
Monterey, 2217’s gross rental yield is 3.16%