Monaco is a charming peninsula neighborhood in Nelson that seamlessly blends scenic beauty with community spirit. You'll find beautiful views of Tasman Bay and the surrounding hills, perfect for outdoor enthusiasts. With about 2,460 residents, it's a tranquil place suitable for families and retirees alike. Housing options range from affordable apartments to more upscale homes, appealing to both renters and buyers. The active community engages in local events and culture, making it feel tight-knit and welcoming. If you're curious about what else this delightful suburb has to offer, there's much more to discover.
Major Highlights
- Monaco is a picturesque suburb in Nelson City, offering scenic views of Tasman Bay and surrounding hills.
- The community has a stable population of approximately 2,460 residents with a median age of 44.2 years.
- Housing options in Monaco include a variety of properties, with median listing prices around $642,000.
- The area features a vibrant community engaged in arts, culture, and outdoor recreational activities.
- Monaco's tranquil atmosphere makes it ideal for families and retirees seeking a close-knit neighborhood.
Location and Geography
Monaco is a charming suburb situated in Nelson City, nestled along the scenic coastal strip. You'll find it bordered by other suburbs and the beautiful Tasman Bay, making it a prime location.
This area benefits from thoughtful urban planning, ensuring easy access via main roads and public transport to the central business district.
The suburb's coastal features are particularly striking, with the nearby Boulder Bank providing natural protection and creating a unique habitat. You can enjoy stunning views of the hills and ridgelines that surround Monaco, while the proximity to beaches like Tāhunanui enhances its appeal.
With a mix of residential and public spaces, Monaco showcases a balance between urban living and the beauty of nature.
Population Insights
Nestled within the Broadgreen-Monaco statistical area, the population of this suburb reflects a steady growth trend, with an estimated 2,460 residents as of June 2024.
Analyzing the population demographics, you'll notice a balanced mix of age groups. The median age stands at 44.2 years, which aligns with the national average. A significant 44.8% of residents fall within the 30 to 64 age range, while 20.6% are aged 65 or older.
Notably, 34.6% of the population comprises those under 15 and between 15 to 29 years. The sex ratio slightly favors females, with 1,254 females to 1,122 males, showcasing a diverse community that contributes to the suburb's vibrant atmosphere.
Housing Market Overview
As you explore the housing market in this Nelson suburb, you'll find a diverse range of properties catering to various needs and budgets.
The market trends show a median listing price of around $642,000 for houses, with a recent decline of 6.82% over the last quarter.
You'll encounter property types like apartments, flats, and home & income properties, with prices spanning from $399,000 to $1,250,000.
The active real estate scene features frequent new listings and open homes, with properties often boasting amenities such as pools and scenic views.
With 30.13% of the population renting, the rental market remains stable, presenting good investment opportunities, particularly in refurbished or luxury properties.
Community Lifestyle
Although you might be drawn to the housing options, the community lifestyle in this Nelson suburb offers even more appeal.
Monaco provides a picturesque setting with scenic views of Tasman Bay, perfect for outdoor enthusiasts. You'll find a vibrant community engaged in various activities, from arts and cultural events to recreational pursuits.
Local amenities are just a stone's throw away, allowing easy access to shops and services in nearby Nelson City and Stoke. The area's tranquil atmosphere makes it ideal for families and retirees alike, fostering a sense of belonging among residents.
With a population of 2,460, you can enjoy a close-knit community where everyone is encouraged to participate in community events and celebrate the rich local culture.
Economic Trends and Development
While exploring the economic trends and development in Monaco, you'll find a suburb with a dynamic real estate market that reflects both local and regional influences.
The median listing price for houses stands at $642,000, with weekly rents averaging $415. Key economic indicators reveal a stable residential demand, driven by a mix of housing types, primarily built between 2000-2009.
- Median sales prices fluctuate between $399,000 and $1,250,000.
- A recent 2.47% increase in median rent for units highlights ongoing interest.
- Houses average 116 days on the market, indicating steady activity.
These trends showcase Monaco's integration into the broader Nelson economy, emphasizing its focus on residential living rather than large-scale investment.
Frequently Asked Questions
What Schools Are Available in the Monaco Suburb Area?
In your search for school options, you'll find various educational facilities nearby. Birchwood School, Broadgreen Intermediate, and Nayland College cater to different age groups, ensuring quality education within a convenient distance for your family.
Are There Public Transport Options in Monaco?
Ever wondered about public transport options? Unfortunately, there aren't any specific local services named for Monaco in Nelson. However, the eBus system covers nearby areas, ensuring you stay connected to the region's comprehensive transport network.
What Recreational Facilities Are Available in Monaco?
In Monaco, you'll find parks activities like picnicking and beachside fun. Plus, there are sports facilities including a gym, swimming pool, and nearby golf courses, perfect for staying active and enjoying the outdoors.
How Safe Is the Monaco Suburb for Families?
In this peaceful haven, where laughter dances in the air, you'll find family safety woven into the fabric of neighborhood security. With low crime rates and vigilant patrols, your loved ones can thrive worry-free.
What Local Events Are Held in Monaco Throughout the Year?
In Monaco, you'll enjoy vibrant community festivals and seasonal markets throughout the year. Events like the Mid Winter Marathon and the Honest Lawyer 5K Series bring locals together, celebrating the area's lively atmosphere and beautiful scenery.
Conclusion
In the heart of Nelson, Monaco's quaint peninsula symbolizes a retreat from the chaos of modern life. Here, you're not just a resident; you're part of a close-knit community, where each wave lapping against the shore echoes the shared stories of neighbors. As the housing market flourishes and development beckons, Monaco remains a hidden gem, inviting you to embrace its charm and the promise of a vibrant future. Discover the peace and connection that await you.