Suburb Profile Report for Elizabeth Bay NSW (2011)

Elizabeth Bay Unit: Median price $750,000, Annual capital growth 6.53%, Number of sales 178, Weekly median advertised rent $520

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

Elizabeth Bay has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.64% to date .

A 53.69% growth in median value for property investors in Elizabeth Bay,2011 puts this suburb at number 421th in terms of best performing suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Elizabeth Bay is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 155th in terms of most discounted suburbs in NSW

In the last year 178 properties changed hands in Elizabeth Bay, which puts it as the 67th most active market in NSW when comparing the number of sales per suburb.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 3.61%, without taking into account capital value appreciation, which has been averaging out at 6.53%.

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A harbourside location in Sydney's Eastern suburbs, Elizabeth Bay has shown above-average growth over the last year, but previous price corrections could mean there are opportunities to buy under market value.Full summary

A harbourside location in Sydney's Eastern suburbs, Elizabeth Bay is approximately 3km from the CBD. It’s shown above-average growth over the last year, but recent price corrections could mean there are opportunities to buy in under market value. 

“In the sub-$750,000 market units would appeal to an investor with a variety available to suit a number of budgets,” says Herron Todd White’s NSW residential director, Kim White. “Elizabeth Bay has a variety of architecture styles with units predominately from the art deco period of the 1930s to 1970's multi level developments.”   

Quick adds that the suburb has a strong rental base with the character of the area and location the major attractions. Local amenities are excellent, with plenty of bars, restaurants, cafes and shops within Elizabeth Bay, and the facilities of the CBD within walking distance. 

“Obviously those with harbour views or high-profile developments will fall outside the $750,000 range,” says Quick. “One and two bedroom unit prices will vary dependent on building, floor level, aspect and level of internal fitout, although carpark on title is doubtful in this price range.” 

Studios are also available for under $450,000, but Quick cautions that lenders may have mortgage restrictions for units with limited floorspace.


N/A $750,000
N/A -0.66%
N/A -1.64%
N/A 6.53%
N/A $520
N/A 178
N/A 3.61%
N/A 56.13

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Elizabeth Bay NSW
Total population 5093
Median household income ($/weekly) 1710
Median age of persons 39
Median housing loan repayment ($/monthly) 2200
Average household size 1.5
  • Census Count Percent(%)
    25-34 years 1482 29.1
    35-44 years 1074 21.1
    45-54 years 683 13.4
    55-64 years 555 10.9
    65-74 years 313 6.1
    Others 986 19.4
    Age Group
    Census Count Percent(%)
    Not Married 2271 56.9
    Defacto Relationship 955 23.9
    Registered Married 768 19.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2638 60.6
    Papua New Guinea 231 5.3
    United Kingdom 392 9.0
    United States of America 110 2.5
    Other 393 9.0
    Others 591 13.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 150 3.6
    Christianity 2072 50.0
    Islam 30 0.7
    Judaism 114 2.7
    No Religion 1727 41.6
    Others 55 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 214 8.1
    $1,250-$1,499 220 8.3
    $1,500-$1,999 346 13.1
    $2,500-$2,999 562 21.2
    $4,000 or more 215 8.1
    Others 1094 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2517 60.2
    Not in the labour force 813 19.5
    Employed, worked part-time 601 14.4
    Unemployed, looking for work 125 3.0
    Employed, away from work 123 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 607 18.7
    Professionals 1476 45.5
    Community & personal service workers 221 6.8
    Clerical & administrative workers 409 12.6
    Sales 214 6.6
    Others 314 9.7
    Census Count Percent(%)
    Infants/Primary 46 8.2
    Secondary 33 5.9
    Technical or Further Educational Institution 78 13.9
    University or other Tertiary Institutions 320 56.9
    Other type of educational institution 63 11.2
    Others 22 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4166 98.0
    Separate house 45 1.1
    Semi-detached, row or terrace house, townhouse 38 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1680 60.0
    Fully owned 563 20.1
    Being purchased 539 19.2
    Other tenure type 20 0.7
    Tenure Type
Census 2011, ABS
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