Thinking about buying in Monak? Now could not be a better time, with just 44 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $596,000 with prices in this suburb ranging from $245,000 to $3,323,000. The aproximate distance to the coast is 313 Km.
Household Makeup
| Median Weekly Rent | $118.00 |
| Median Monthly Mortgage | $1083.00 |
| Median Persons Per Bedroom | 0.90 |
| Average Household Size | 3.00 |
| Average Age | 43.00 |
| Average Income | $810.00 |
| Average Cars Per Dwelling | 2.34 |
| Average Properties Within 50M | 3 |
Housing Stock
Average Property Prices
| 1 Bed $548,000 |
| 3 Bed $531,000 |
| 4 Bed $465,000 |
| 6 Bed+$465,000 |
Monak Real Estate Market Outlook
In Monak there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Monak is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Monak leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Monak the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Local Schools
Red Cliffs East Primary School
(While the above schools are located with the suburb of Monak there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Monak weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 0.7 | 17.9 | 34.6 | 16.5 | 61.9 | 3.9 | 28.1 |
| Feb | 1.2 | 17.2 | 32.8 | 22.4 | 68.0 | 3.9 | 24.3 |
| Mar | 0.9 | 14.6 | 29.4 | 26.2 | 75 | 3.4 | 20.0 |
| Apr | 0.7 | 10.5 | 24.5 | 31.0 | 81.5 | 3 | 15.3 |
| May | 0.7 | 7.3 | 19.6 | 41.3 | 91.8 | 3.0 | 11.3 |
| Jun | 0.5 | 5.0 | 16.3 | 49.3 | 96.1 | 3.0 | 9.6 |
| Jul | 0.6 | 4.4 | 16.3 | 46.0 | 94.4 | 3.3 | 9.8 |
| Aug | 0.7 | 5.2 | 18 | 36.2 | 90.1 | 3.6 | 12.8 |
| Sept | 0.7 | 7.4 | 22.2 | 26.3 | 84.3 | 4.0 | 17.7 |
| Oct | 0.7 | 10.5 | 26.0 | 22.7 | 78.2 | 4.0 | 22.7 |
| Nov | 0.9 | 13.2 | 29.1 | 20.0 | 73.1 | 4 | 26.6 |
| Dec | 1.1 | 15.9 | 32.0 | 17.5 | 65.5 | 4.0 | 29.0 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 25-11-2021 | $345,000 | 55 BONNIE DOON RD |
| 17-01-2019 | $310,000 | 5721 STURT HWY |
| 24-08-2018 | $700,000 | 5669 STURT HWY |
| 27-04-2018 | $320,000 | 86 BONNIE DOON RD |
| 25-08-2017 | $800,000 | 5893 STURT HWY |
| 21-12-2016 | $710,000 | 5828 STURT HWY |
| 02-06-2015 | $382,000 | 14 KEENS RD |
| 19-12-2012 | $285,000 | 86 BONNIE DOON RD |
| 20-11-2012 | $1,122,000 | 139 BONNIE DOON RD |
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
General Points of Interest
Trentham Estate Winery - Less than 10 KM
King George V Memorial Baths - Less than 10 KM
Big Lizzie (Tractor) - Less than 10 KM
Old Pump Station - Less than 10 KM
German Howitzer Cannon - Less than 10 KM
Redcliff's War Memorial - Less than 10 KM
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!