Units & Apartments in Monterey

Limited supply and waterfront premium drive consistent capital appreciation in Monterey.

$815K

Median Unit

+6%

Annual Growth

3.9%

Rental Yield

$600K

Entry Level

Get Unit Alerts Call 0411 818 171

Why Buy a Unit in Monterey?

Units in Monterey offer excellent rental yields and affordable entry points for first home buyers and investors.

Low Maintenance

No gardens or exterior to maintain

Security

Secure buildings with intercom access

Modern Amenities

Gyms, pools, and common areas

Affordable Entry

Lower entry price than houses

Monterey Unit Market – March 2026

Price & Yield Analysis

Median Unit Price$815K

Entry Level$600K

12-Month Growth+6%

Rental Yield3.9%

Days on Market28 days

Who Buys Units Here?

First home buyers (entry under $600K)
Investors seeking 3.9% yields
Downsizers wanting low maintenance
Young professionals (16km to CBD)
36% of suburb rents (strong demand)

Recent Sales in Monterey

Properties sold in 2217 in the last 3 months

house

12 Railway Parade, Monterey

4 bed2 bath

Sold$1.95M

Feb 202624 days on market

unit

5/44 King Street, Monterey

2 bed1 bath

Sold$723K

Feb 202618 days on market

townhouse

39 Bay Street, Monterey

3 bed2 bath

Sold$1.12M

Jan 202632 days on market

house

7 The Grand Parade, Monterey

5 bed3 bath

Sold$2.20M

Jan 202621 days on market

unit

28/40 Princes Highway, Monterey

1 bed1 bath

Sold$602K

Dec 202528 days on market

Sale prices are indicative and sourced from publicly available data. Contact Michael for accurate current market data.

What Monterey Clients Say

Real results from real clients in Monterey and surrounding suburbs

“We've been in Monterey for 20 years and finally found our forever home with Michael's help. He understood what makes this quiet pocket special.”

The Angelopoulos Family

Family Home • Monterey • 2025

“Selling our Monterey home after 30 years was emotional. Michael handled everything with professionalism and achieved $200K above our expectations.”

Robert & Jane P.

Waterfront Villa • Monterey • 2025

“Michael found us a unit with bay glimpses in Monterey. Perfect location near Scarborough Park for our kids.”

The Nguyen Family

Bay-view Unit • Monterey • 2024

Investing FAQs for Monterey

Common questions about buying property in Monterey

Is Monterey a good investment suburb?

Monterey offers 2.5% house yields and 3.9% unit yields. Limited supply and waterfront premium drive consistent capital appreciation. This is long-term wealth building.

What rental yields can I expect in St George?

St George offers rental yields of 2.5-3% for houses and 3.5-4.5% for units. Suburbs like Rockdale and Hurstville offer higher yields due to strong professional tenant demand.

Is St George good for negative gearing?

Yes, properties with strong capital growth potential and moderate yields work well for negative gearing strategies. Michael can analyse specific properties for investment suitability.

What are vacancy rates like?

St George has extremely low vacancy rates (under 1.5%) due to strong demand from professionals, families, and students. This means minimal rental income interruption.