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 8.52%
When looking at the potential capital gains offered to property investors over the last 3 years, Monterey comes in at number 722th in NSW.
Situated 13.00km from the CBD, Monterey is one of Rockdale localities in the postcode 2217.
Investment property in Monterey has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.53%
Monterey,2217 was ranked 140 in Australia by increase in median property value over the quarter.
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 -8.81% is being offered, which puts this NSW suburb at 128th most discounted overall in Australia.
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
Advertised rents are around the $460 mark per week – giving a return of 3.11% based on the median price in Suburb