18/08/2025
This is the sort of property we love buying for investor clients. Located in the highly sought after bayside suburb of Monterey, this is an ideal property for a long-term buy and hold investment.
Here are some of the things we love about this unit:
✅ Above average size for this type of unit - a total of 99sqm on title
✅ Tenanted by a lovely family who are happy to stay on
✅ A predominantly owner-occupied building with low turnover
✅ Proactive maintenance history including completed balcony upgrades
✅ A short walk to the bay, cafes and parks
✅ Absent from major density increase initiatives (like the Low and Mid-Rise and Transport Oriented Development program), which helps mitigate future supply risk in the nearby area
✅ Easy access to the new M6 Stage 1 corridor for connectivity to the city and west
✅ Growing appeal to professionals priced out of areas such as the Eastern Suburbs and the Inner West
For investors seeking stable, long-term performance over speculative gains, middle-ring properties with these characteristics can offer an appealing "sleep well at night" investment profile.