Forestville vs Monterey
Property investment comparison - Forestville, NSW 2087 vs Monterey, NSW 2217
Head-to-head across core investment metrics: Forestville wins 1, Monterey wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Forestville | Monterey |
|---|---|---|
| Median house price | $2.6M | $2.6M |
| Median unit price | $1.4M | $930K |
| Gross rental yield (houses) | - | 2.40% |
| Gross rental yield (units) | 3.07% | 3.88% |
| 1-year house growth | +8.0% | +1.2%estimate |
| 3-year house growth | +5.4% | - |
| Vacancy rate | 2.4% | 1.6% |
| Population | 8,659 | 4,619 |
Forestville vs Monterey: what the numbers say
Houses cost about the same in both suburbs: the median house price is $2.6M in Forestville and $2.6M in Monterey.
For units, Forestville sits at a median of $1.4M against $930K in Monterey, which makes Monterey the more affordable unit market and Forestville the pricier one.
Over the past year house prices moved +8.0% in Forestville and +1.2% in Monterey (an estimate), so recent momentum favours Forestville, although both suburbs recorded growth.
Rental vacancy is 1.6% in Monterey and 2.4% in Forestville, so landlords in Monterey face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Forestville is the bigger suburb, with a population of 8,659 against 4,619, larger than Monterey; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Forestville for recent price momentum, Monterey for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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