Suburb Profile Report for Monterey NSW (2217)

Monterey House: Median price $1,600,000, Annual capital growth 7.33%, Number of sales 33, Weekly median advertised rent $700

Monterey Unit: Median price $705,000, Annual capital growth 6.43%, Number of sales 39, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report

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 5.23%

Monterey2217 is located in NSW which offers an average discount of -5.24% to property investors. Monterey itself is showing figures that indicate -4.52% is the average achievable by property buyers investing in the suburb.

Investment property in Monterey has done 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 -11.32%

The five-year average increase in median property values for Monterey,2217 has given property investors a potential capital gain of 30.07% across each of those five years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Monterey itself are offering an average vendor discount of -9.52% to real estate investors.

With the median price for a house in Monterey being $705000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.47%

Metrics i HOUSE UNIT
$1,600,000 $705,000
N/A -9.62%
5.23% -11.32%
7.33% 6.43%
$700 $470
33 39
2.28% 3.47%
70.4 35.81

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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