16/48 Banks Street

Monterey NSW 2217

The size of Monterey is approximately 1.2 square kilometres. It has 7 parks covering nearly 26.5% of total area. The population of Monterey in 2011 was 4,330 people. By 2016 the population was 4,540 showing a population growth of 4.8% in the area during that time. The predominant age group in Monterey is 40-49 years. Households in Monterey are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Monterey work in a professional occupation. In 2011, 66.1% of the homes in Monterey were owner-occupied compared with 66% in 2016.

Monterey has 2,408 properties. Over the last 5 years, Houses in Monterey have seen a 73.38% increase in median value, while Units have seen a 26.46% increase. As at 30 September 2024:

• The median value for Houses in Monterey is $2,260,440 while the median value for Units is $862,747.
• Houses have a median rent of $925 while Units have a median rent of $600.