Suburb Profile Report for North Sydney NSW (2060)

North Sydney House: Median price $1,852,500, Annual capital growth 7.82%, Number of sales 21, Weekly median advertised rent $950

North Sydney Unit: Median price $846,000, Annual capital growth 6.53%, Number of sales 229, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in North Sydney has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.72%

If we look at median property appreciation over just the last three months, North Sydney has given property investors a paper return of -3.14%. This puts Suburb as 1244 on a list of fastest fasting appreciating suburbs in NSW

North Sydney, 2060’s gross rental yield is 2.67%

North Sydney has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.09% to date .

If we look at median property appreciation over just the last three months, North Sydney has given property investors a paper return of 3.42%. This puts Suburb as 156 on a list of fastest fasting appreciating suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in North Sydney itself are offering an average vendor discount of -4.91% to real estate investors.

A $600 per week rent on the median house gives suburb investors a gross yield of circa 3.69%, without taking into account capital value appreciation, which has been averaging out at 6.53%.

YIP MAG Information supplied by:

YIP MAG
February 2017

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Home to Sydney’s world famous Harbour Bridge and boasting some of the most prestigious waterfront property in Australia, North Sydney is a thriving commercial hub 3km north of Sydney’s CBD. This suburb is still displaying consistent growth despite the high level of supply, indicating that thus far, demand could still be absorbing stock.Full summary

NORTH SYDNEY, NSW – Business hub commands growth despite glut of units

Median house price: $1,912,500     

Stock on market: 102.1%

12-month growth: 12.3%

The suburb of North Sydney could be one reason why some experts fear an oversupply in the capital.

According to Real Estate Investar, the amount of stock on market shot up by over 100%. The majority of the new supply consists of units, which went from 44 in 2015 to 90 as of November 2016. The vacancy rate of this period reflects the effect of this influx, as it skyrocketed from an already-high 6.4% to 7.7%.

Nonetheless, North Sydney is still displaying consistent growth despite the high level of supply, indicating that thus far, demand could still be sustaining it. CoreLogic data indicates that over the past 12 months, prices in this suburb increased by a staggering 12.3%, bringing the median house price to almost $2m. This is likely attributed to North Sydney’s very short distance from the CBD and status as a commercial district.

Close
HOUSE UNIT
$1,852,500 $846,000
-3.14% 3.42%
3.72% -3.09%
7.82% 6.53%
$950 $600
21 229
2.67% 3.69%
N/A 57.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 6257
Median household income ($/weekly) 1926
Median age of persons 35
Median housing loan repayment ($/monthly) 2600
Average household size 1.9
  • Census Count Percent(%)
    25-34 years 1839 29.4
    35-44 years 1068 17.1
    45-54 years 634 10.1
    55-64 years 577 9.2
    65-74 years 435 7.0
    Others 1703 27.2
    Age Group
    Census Count Percent(%)
    Not Married 2180 46.8
    Registered Married 1797 38.6
    Defacto Relationship 682 14.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3139 54.9
    Indonesia 223 3.9
    Papua New Guinea 179 3.1
    United Kingdom 456 8.0
    Other 454 7.9
    Others 1264 22.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 235 4.3
    Christianity 3050 55.9
    Hinduism 225 4.1
    Islam 101 1.9
    No Religion 1759 32.2
    Others 85 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 190 7.3
    $1,250-$1,499 222 8.6
    $1,500-$1,999 327 12.6
    $2,500-$2,999 514 19.9
    $4,000 or more 282 10.9
    Others 1053 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2760 53.7
    Not in the labour force 1266 24.6
    Employed, worked part-time 764 14.9
    Employed, away from work 175 3.4
    Unemployed, looking for work 171 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 721 19.5
    Professionals 1651 44.6
    Community & personal service workers 242 6.5
    Clerical & administrative workers 504 13.6
    Sales 208 5.6
    Others 375 10.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 193 16.2
    Secondary 263 22.1
    Technical or Further Educational Institution 144 12.1
    University or other Tertiary Institutions 446 37.5
    Other type of educational institution 78 6.6
    Others 64 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3623 68.9
    Semi-detached, row or terrace house, townhouse 905 17.2
    Separate house 705 13.4
    House or flat attached to a shop, office 25 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1604 59.6
    Being purchased 563 20.9
    Fully owned 514 19.1
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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