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ABS 2021 Census · Updated 21 May 2026
Monterey is an outer-metropolitan suburb of Sydney, Australia, with a population of approximately 4,619, making it a boutique locality. Located approximately 13 km from the Sydney CBD, Monterey is a outer metro area in New South Wales. The median household income is $92,820 per year.
Above-average earnings in Monterey support sustained property values. Its proximity to the CBD adds a strong location premium.
Official Australia Post postcode for Monterey. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Monterey on My School →Estimated 2 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
4,619 residents places Monterey squarely in the middle of the New South Wales suburb size distribution (state median 5,325), with market depth comparable to most NSW localities. At $92,820/year, household income in Monterey is within 5% of the New South Wales median ($97,552), placing the suburb firmly in the state's mainstream demographic band. Rent of $480/week (80% coverage of the $2,600/month median mortgage) leaves a gap of roughly $520/month that a typical investor bridges with negative gearing, depreciation and capital growth. 13 km from Sydney places Monterey in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs. Only 40% of dwellings are separate houses (vs 76% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
This suburb suits long-term investors due to steady population growth and affordable entry prices. Look for established streets close to schools and shops rather than raw new-estate land. Local rents consume roughly 27% of household income — a useful sanity check on tenant affordability.
How Monterey stacks up against the median of all New South Wales suburbs in our dataset. Positive values mean Monterey sits above the state median; negative means below.
| Metric | Monterey | NSW median | Δ vs state |
|---|---|---|---|
| Population | 4,619 | 5,325 | -13% |
| Median household income | $92,820/yr | $97,552/yr | -5% |
| Median rent (weekly) | $480 | $430 | +12% |
| Median mortgage (monthly) | $2,600 | $2,167 | +20% |
| Distance to CBD | 13 km | 45 km | -71% |
| Separate houses | 40% | 76% | -36pp |
Pre-inspection briefing for Monterey — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Monterey's 4,619-person market and $92,820 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Moderate rental coverage: rent of $480/week covers 80% of a $2,600/month mortgage, leaving a $520/month gap that an investor bridges with equity, depreciation and tax benefits.
Only 40% of dwellings are separate houses (vs 76% NSW median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Monterey property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Monterey are modest for 2026 — incomes 5% below the NSW median of $97,552 and a population of 4,619 suggest gains will lag headline metro markets. Rental coverage runs at ~80% of the typical mortgage ($2,080/month rent vs $2,600/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 69/100 places Monterey in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Monterey scores 69/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 4,619, median household income of $92,820/year and median weekly rent of $480. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Monterey are proximity to Sydney (13 km), a median household income of $92,820/year, a dwelling mix that is 40% separate houses, roughly 1 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Monterey has a usual resident population of approximately 4,619, compared with a New South Wales suburb median of 5,325 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Monterey sits 13 km straight-line from the Sydney CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
The most recent census recorded a median weekly rent of $480 in Monterey, equating to approximately $24,960/year in gross rental income (state median $430/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Monterey is $2,600, or approximately $31,200/year (vs $2,167/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $480 works out to $2,080/month, covering 80% of the median mortgage repayment of $2,600/month. That leaves a $520/month shortfall (around $6,240/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (4,619 residents), interest-rate sensitivity on the $2,600 median mortgage, the broader New South Wales market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.