Monterey (postcode 2217) is a smaller suburb in New South Wales within the Bayside (NSW) local government area. The area has roughly 4,619 residents and an established family demographic, with a median age of 44. Households earn a median income of $93K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Greek, Australian, English.
The median house price in Monterey is $2.6 million, having posted strong gains by 7.2% over the past year. Units have a median price of $831,000 (-2.5% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,600.
Public transport access includes 21 bus stops. The crime rate in the Bayside (NSW) LGA is below average at 2,355 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.5% (low yield). Property prices are above the state median ($2.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.8x is considered stretched. House prices have moved +7.2% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.