Monterey NSW 2217: Property Market Report & Real Estate Insights

Part of Bayside (NSW), NSW

Monterey Real Estate Market Outlook

Thinking about buying in Monterey? Now could not be a better time, with 2843 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,564,000 with prices in this suburb ranging from $51,000 to $9,871,000. Monterey is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Monterey

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Monterey due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Monterey provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Monterey necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Monterey, located in the Bayside Council area of New South Wales, offers a distinctive suburban charm combined with the vibrancy of coastal living. The housing market in Monterey is characterized by a mix of architectural styles, including modern apartments and older, well-maintained homes that reflect the area's development history. As of recent years, property prices in Monterey have seen a steady increase, driven by high demand for coastal living and proximity to Sydney's central business district. The area attracts a mix of families, retirees, and professionals, allured by the picturesque beachside views and the quiet, community-focused atmosphere. Despite the increasing housing prices, many find the investment worthwhile due to the suburb's established amenities, including access to public transport, local schools, and shopping centers.

Living in Monterey offers residents a blend of relaxation and convenience. The suburb boasts access to beautiful sandy beaches, where residents can enjoy leisurely walks, water activities, and stunning sunrise views that enhance the coastal living experience. This serene environment is complemented by the suburb's array of parks and green spaces, such as Cook Park, which provide ample opportunities for outdoor recreation and community events. Social and cultural vibrancy is supported by a selection of dining and retail options in nearby areas like Brighton-Le-Sands. Moreover, Monterey's strategic location allows for ease of commuting to Sydney's CBD, enhancing its appeal for professionals. The community spirit is palpable, with active local groups and events that foster a warm, connected neighborhood, making it an attractive place to call home.

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