5/40 Banks St, Monterey is a 2 bedroom, 1 bathroom Unit and was built in 1963. The property has a land size of 944m2 and floor size of 61m2.This Property is currently listed for rent with CENTURY 21 Bayview
Enjoy peaceful coastal living in this well-appointed two-bedroom ground-floor apartment, ideally located just moments from the water's edge. Offering a relaxed beachside lifestyle, this inviting home is perfect for those seeking comfort, convenience, and a tranquil setting.
Experience the best of beachside living in a home that combines natural light, comfort, and an unbeatable coastal location.
THE PROPERTY:
- Ground floor position, minimal steps
- Two bedrooms with built-in wardrobes
- Main bedroom includes study nook
- Floating timber flooring throughout
- Polyurethane kitchen with stone benchtops
- Modern bathroom with large shower
- Kitchen includes internal laundry facilities
- Combined living and dining room
- Split air-conditioning system in living room
- Peaceful sunlit balcony
- Street parking and moments to all lifestyle attractions
The size of Monterey is approximately 1.2 square kilometres. There are 7 parks, covering nearly 26.5% of the total area. The population of Monterey in 2016 was 4532 people. By 2021 the population was 4619 showing a population growth of 1.9% in the area during that time. The predominant age group in Monterey is 50-59 years. Households in Monterey are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Monterey work in a professional occupation.In 2021, 67.20% of the homes in Monterey were owner-occupied compared with 66.00% in 2016.
Monterey has 2,421 properties. Over the last 5 years, Houses in Monterey have seen a 26.24% increase in median value, while Units have seen a 15.02% increase. As at 30 June 2026:
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