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MOMENTUM
MEDIA
A steady increase in median property prices over a five-year period in the suburb translates to a 7.12% capital gain.
Property investors in MONTEREY enjoyed capital gains of 6.23% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,549,450.
Profits due to an upward trend in home prices there averaged 2.37% per annum over a 3-year period.
Home owners selling their properties and realtors in MONTEREY usually have to wait an average of 45 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $825 mark, reflecting a 1.68% increase in returns based on the current median price in MONTEREY.
MONTEREY, 2217 places 1102nd in Australia based on median property value growth during the quarter.
Monterey lies approximately 15 km south of the Sydney central business district, situated on the western shores of Botany Bay within the Bayside Council area.
The population was recorded at 4,619 in the 2021 census, reflecting a modest increase from 4,532 in 2016. The median age is around 41 years, with the most populous age bracket being 50–59 years.
Most households comprise couples with children and feature high rates of homeownership, with around 67 per cent owner‑occupied in 2021.
Land use is primarily environmental living (approximately 39.7 per cent), medium‑density residential (23.4 per cent) and low‑density residential (15.5 per cent), contributing to its leafy character.
Lady Robinsons Beach and Cook Park flank the suburb to the east and Scarborough Park to the west, offering coastal and parkland settings for outdoor recreation.
A small local shopping strip is found near Chuter Avenue and Scarborough Street, serving the neighbourhood’s daily needs.
Public transport use is low: only about 3.9 per cent of commuters used public transport on census day, while 47.5 per cent travelled by car, and approximately 33.7 per cent worked from home.
Monterey spans about 1.2 square kilometres and contains seven parks covering nearly 26.5 per cent of its land area.
Key lifestyle measures indicate that Monterey ranks high for health coverage and family friendliness, though public transport convenience remains low by Sydney standards.