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Monterey Suburb Insights
VICLocation Information
Suburb Name
Monterey, VIC
Distance from CBD
10.3 kmDemographics
Population
4,532
Median Income
$37,232
Area Information
Area
1.15 km²
Population Density
3941 people/km²
Property Market
Median Price
$1,173,899
Annual Growth
+17.4%Property Price Trend Analysis
Current Median Price
$1,173,899
Annual Growth
+17.4%
Quarterly Growth
+4.1%
Price Trends - Last 6 Months
2024-01
$594,056
+4.1%2024-02
$928,488
+5.4%2024-03
$438,688
+10%2024-04
$1,147,205
+11.7%2024-05
$618,986
+11%2024-06
$669,869
+10.9%Property Type Price Analysis
House
Median Price
$822,553
Growth Rate
+12.2%Available Listings
286 properties
Apartment
Median Price
$466,217
Growth Rate
+12.8%Available Listings
638 properties
Townhouse
Median Price
$904,992
Growth Rate
+10.4%Available Listings
328 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy