Monterey, NSW

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Livability Index
99.8
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Population: 4331

House Growth Prediction (per annual): 27%, 870th out of 5061

Unit Growth Prediction (per annual): 20%, 552th out of 2987

Keywords: High Price, High Population Density, Born Overseas, Diverse Language, High Rent, Valuable House

Basics

Monterey is a local community with population 4,331, and the population growth over the past decade is 7.48%. It has an average income $45,664 per annum. It has 45.7% of population who only speak English at home. Other top languages include Greek, Arabic, Spanish, Macedonian, Italian. Unemployment rate in Monterey is 5.9% while people work as professionals is 20.5%. Monterey has 0 Coles stores and 0 Woolworth stores. Its population density is 1,362.7 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Monterey has Socio-Economic raw score 1025.1 while the average score across Australia is 1000. Therefore, Monterey has advantage in terms of Socio-Economic measure. It obtains relative score 65 out of 100 across Australia, while relative score 64 out of 100 within NSW. Factors considered in this score include income, education level, unemployment, occupation, housing pressure and so on. This score is generated by Australia Bureau of Statistics (ABS).

Similar to Socio-Economic measure, GeoIndex computes smart livability index by considering additional factors, including rental rate against income, property price against income, safety, transport, access convenience, environment, population density and so on. Monterey has a livability index 98, which is lower than average 100 across Australia. It ranks 3,882th out of 8,530 suburbs across Australia. Therefore, it is a suburb less livable for local communities.

Real Estate Price Forecast and Investment Guide

Based on our more than ten millions of historical property transaction data, wide range of predictors and cutting-edge algorithm, we predict the house price would grow by 17.6% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Monterey has a higher than average growth expectation. It ranks 6,721th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Monterey is predicted to grow by 9.2% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Monterey has a higher than average growth. It ranks 3,698th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school contribute to the attractiveness of Monterey, which obtains score of 94.2 out of 100 within NSW based on local primary school student exam performance. Similar to primary school, secondary public school contribute to the attractiveness of Monterey, which obtains score of 93.8 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Monterey has a better than average score, which is 66.1 out of 100. Similar to to primary school, secondary school has better than average score, which is 73.7 out of 100.

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Monterey, NSW smart rating was calculated by GeoIndex Australia.

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