AT A GLANCE
14
total lots in this scheme
Managed by Absolute Strata Services Pty Ltd. Located in Monterey, NSW. 116 other strata plans nearby
Lots
14
Year built
1963
Last report
—
Boundary sourced from NSW Spatial Services (StrataHub).
About this building
42 Banks Street is a 14-lot residential strata scheme in Monterey, registered in 1963 and now about 63 years old. It is managed by Absolute Strata Services Pty Ltd and is one of 117 strata plans in Monterey (Bayside council area). Every unit at 42 Banks Street (lots 1–14) is part of strata scheme SP411, so the levies, by-laws and disputes below apply to all of them. We found no NCAT tribunal decisions naming SP411.
Buyer's snapshot
Everything a buyer should know about 42 Banks Street, on one page
- A red/amber/green verdict on each risk, with the evidence
- Plain-English summaries of every tribunal and court case
- Questions to ask the agent and strata manager
- A PDF you can forward to your conveyancer
Plan Details
- Plan Number
- SP411
- Registered
- 1963-06-28
- LGA
- BAYSIDE
- Postcode
- 2217
Lot Breakdown
- Total Lots
- 14
- Residential
- 8
Building Age
63
years old
Registered 28 June 1963
Heritage-age building. Expect ongoing major maintenance costs. Check for heritage listing which may affect renovation options
Strata Manager
Licence: 1627883
Last AGM: 9 October 2025
About 1 year ago
Annual Reporting
23 Jan 2026
Status
active
Disputes in Monterey
No published NCAT or court decision names a strata plan in Monterey — including this building. That is not the same as no disputes: most strata disputes settle or are decided without a published judgment, and only decisions that name a plan number can be matched to a building at all.
Comparable Buildings in Monterey
Other strata plans in the same suburb, ordered by similarity in building size.
| Building | Lots |
|---|---|
| 52-54 Banks Street SP68974 Managed by Montano Strata Management Services Pty Ltd | 14 |
| 49-51 Banks Street SP19914 Managed by Absolute Strata Services Pty Ltd | 15 |
| 219-221 President Avenue SP9480 | 15 |
| 40 Banks Street SP484 Managed by Bay Strata Pty Ltd | 15 |
| 62-64 Solander Street SP5027 | 15 |
| 225 President Avenue SP90357 | 15 |
Comparables are other strata plans in Monterey with similar lot counts.
Other strata buildings on Banks Street
- 53-55 Banks Street
SP1295 · 30 lots
- 41-43 Banks Street
SP3390 · 30 lots
- 45-47 Banks Street
SP1461 · 26 lots
- 30-32 Banks Street
SP1746 · 24 lots
- 35 Banks Street
SP553 · 23 lots
- 39 Banks Street
SP581 · 23 lots
- 44 Banks Street
SP171 · 22 lots
- 50 Banks Street
SP30 · 21 lots
More buildings managed by Absolute Strata Services Pty Ltd
- 35 Banks Street, Monterey
SP553 · 23 lots
- 39 Banks Street, Monterey
SP581 · 23 lots
- 50 Banks Street, Monterey
SP30 · 21 lots
- 49-51 Banks Street, Monterey
SP19914 · 15 lots
- 160 The Grand Parade, Monterey
SP817 · 12 lots
- 142 The Grand Parade, Monterey
SP2537 · 12 lots
Risk & History
Sales History
Recent Sales
| Date | Unit | Price |
|---|---|---|
| 11 Oct 2022 | Lot 1 | $675,000 |
| 10 Dec 2021 | Lot 7 | $770,000 |
| 22 Jan 2021 | Lot 8 | $740,000 |
| 8 Feb 2020 | Lot 6 | $750,000 |
| 4 Sept 2018 | Lot 7 | $715,000 |
| 16 Aug 2014 | Lot 8 | $650,000 |
| 29 Nov 2013 | Lot 1 | $521,000 |
| 3 Aug 2012 | Lot 7 | $490,000 |
| 14 May 2011 | Lot 5 | $465,000 |
| 10 Dec 2009 | Lot 7 | $405,000 |
13 sales total
Source: NSW Valuer General. Prices are as reported in settlement data and may not reflect current market values. Sales marked “Price withheld” are excluded from price calculations.
Development History
Original Construction · 1 dwelling
Estimated cost: $7K · Assessed by Bayside Council
Development Application
DeterminedNearbyBalconies, decks, patios, terraces or verandahs
PAN-82843
Modification Application
DeterminedNearbyDemolition, Residential flat building
PAN-255340
Looking for the builder or developer?
Search for the application number (e.g., PAN-82843) on the NSW Planning Portal Application Tracker to view the full DA details, including the applicant, builder, and principal certifier.
Source: NSW Planning Portal Open Data API (2019+). Earlier development applications may not be available. Items marked "Nearby" were matched by location proximity (within 100m) rather than direct plan number reference.
Crime Statistics
These statistics cover the entire Bayside local government area, not this specific property.
Crime rates in Bayside LGA are lower than the NSW state average. (Oct 2024 - Sep 2025)
Source: NSW Bureau of Crime Statistics and Research (BOCSAR). Rates are per 100,000 population. Rank is out of 119 LGAs (1 = highest rate).
Neighbourhood
Suburb Profile
MONTEREY, NSW 2217
Transport Accessibility
Transport Score: C
Moderate public transport access
Nearest Train
Kogarah
1.8km away · ~23 min walk
Bus Stops
15 within 500m · 37 within 1km
Source: Transport for NSW GTFS data (CC BY 3.0 AU). Distances are straight-line (not walking). Walking times assume 80m/min. Transport Score is indicative only.
Short-Term Rentals Nearby
3
Listings within 200m
$200
Median / Night
0
Commercial Hosts
3
High Availability
Listing Types
Nearest Listings
Beach view apartment
$713
/night
Cosy Room next to the Beach
$112
/night
BEACH SIDE LIVING Private MASTER ROOM near airport
$200
/night
NSW Short-Term Rental Rules
- •180-day cap for non-hosted short-term rentals in Greater Sydney (60 days in some fire-prone or Byron Shire areas)
- •Strata schemes can ban non-hosted STRA via a Section 137A by-law (requires 75% special resolution)
- •All STR properties must be registered on the NSW STRA Register
Source: Inside Airbnb (CC BY 4.0). Data is from a periodic scrape of Airbnb listings and may not be current. "Commercial hosts" are those with 3+ total listings. "High availability" = listed 180+ days/year.
School Catchment Zones
This property falls within the following NSW government school intake areas.
Primary
Brighton-Le-Sands PS
primary
Secondary
Bayside HS
high coed
Source: NSW Department of Education. Catchment zones are updated nightly and subject to change. Visit School Finder for official information.
STRATA MANAGER
Absolute Strata Services Pty Ltd
View profile →
- Licence
- 1627883
- Last AGM
- Oct 2025
- Status
- active
BUILDING BASICS
- Lots
- 14
- Residential
- 8
- Year built
- 1963
- LGA
- BAYSIDE