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%