Suburb Profile Report for Monterey NSW (2217)

Monterey House: Median price $1,520,000, Annual capital growth 8.90%, Number of sales 27, Weekly median advertised rent $623

Monterey Unit: Median price $790,000, Annual capital growth 7.80%, Number of sales 45, Weekly median advertised rent $480

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Monterey, 2217 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.81%.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Monterey, 2217. Typically our figures indicate that -6.64% is being offered, which puts this NSW suburb at 1466th most discounted overall in Australia.

Residents and property investors in Monterey have been waiting around 76.2 days to sell a property.

Property investors should expect to get $622.5 weekly from the median priced house in this suburb.

Monterey, 2217 ranked 306th in NSW when comparing growth in median property values or capital gain over the last 12 months. Monterey is one of 3163 in our list for NSW

While Monterey,2217 ranked number 426th in NSW for increase in median house value (annualised) increase, it is ranked 100th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Monterey, 2217. Typically our figures indicate that -3.31% is being offered, which puts this NSW suburb at 1256th most discounted overall in Australia.

Often selling an investment property can take time, and in Monterey the average time real estate has been on the market is 75.9 days.

Renters in Suburb are facing rents around $5760 per annum or $480 every week.

Metrics i HOUSE UNIT
$1,520,000 $790,000
N/A -0.63%
1.81% 4.29%
8.90% 7.80%
$623 $480
27 45
2.13% 3.16%
76.2 75.9

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 4330
Median household income ($/weekly) 1294
Median age of persons 40
Median housing loan repayment ($/monthly) 2400
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 467 10.8
    25-34 years 572 13.2
    35-44 years 700 16.2
    45-54 years 560 12.9
    55-64 years 502 11.6
    Others 1529 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 1723 50.5
    Not Married 1497 43.8
    Defacto Relationship 195 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2492 61.1
    Fiji 162 4.0
    Hong Kong 244 6.0
    United Kingdom 117 2.9
    Other 407 10.0
    Others 659 16.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 75 1.8
    Christianity 3250 79.9
    Hinduism 47 1.2
    Islam 233 5.7
    No Religion 427 10.5
    Others 35 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 154 9.9
    $600-$799 130 8.3
    $800-$999 153 9.8
    $1,500-$1,999 210 13.5
    $2,000-$2,499 150 9.6
    Others 761 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1344 39.3
    Not in the labour force 1306 38.1
    Employed, worked part-time 524 15.3
    Employed, away from work 129 3.8
    Unemployed, looking for work 121 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 282 14.1
    Professionals 422 21.1
    Technicians & trades workers 239 12.0
    Clerical & administrative workers 398 19.9
    Sales 186 9.3
    Others 469 23.5
    Occupation
    Census Count Percent(%)
    Pre-school 50 5.6
    Infants/Primary 302 33.9
    Secondary 257 28.8
    Technical or Further Educational Institution 86 9.7
    University or other Tertiary Institutions 172 19.3
    Others 24 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2553 61.1
    Flat, unit or apartment 1162 27.8
    Semi-detached, row or terrace house, townhouse 443 10.6
    House or flat attached to a shop, office 18 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 670 40.3
    Rented 523 31.5
    Being purchased 465 28.0
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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