NSW has seen average median house prices change by 6.87% which means that Monterey, 2217 has done well for property investors by showing a capital gain of 2.65% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Monterey has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Monterey itself are offering an average vendor discount of -6.64% to real estate investors.
Situated 13.09km from the CBD, Monterey is one of Rockdale localities in the postcode 2217.
Property investors who have had real estate in Monterey, 2217 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.29%
Comparing Monterey,2217 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -3.18% is being offered, which puts this NSW suburb at 1283th most discounted overall in Australia.
Residents and property investors in Monterey have been waiting around 76.5 days to sell a property.
Situated 12.44km from the CBD, Monterey is one of Rockdale localities in the postcode 2217.