Situated 2.41km from the CBD, Kirribilli is one of North Sydney localities in the postcode 2061.
If you compare the increase in value of investment property in Kirribilli, 2061 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.20%.
Over the longer term, Kirribilli has seen property prices show investors a 52.48% return over the last 3 years. This is worse than over the last 12 months
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 Kirribilli itself are offering an average vendor discount of -3.33% to real estate investors.
In the last year 77 properties changed hands in Kirribilli, which puts it as the 198th most active market in NSW when comparing the number of sales per suburb.
Kirribilli is just over the harbour bridge from the CBD, right next to Milson’s Point railway station, and is a high demand area both for its proximity to the city centre and its sought after harbour side location.Full summary
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While the voting public may be put off by the revolving door in the office of the prime minister, the fact that removalists’ trucks are a common sightoutside of Kirribilli House doesn’t seem to be affecting real estate in the harbourside suburb.Close
The median unit price currently sits at $1.1m and could reach even higher soon if recent trends are anything to go by.
The past five years have seen the median increase by an impressive 63%.
While affordability may not be at its best in Kirribilli, that doesn’t seem to have had much of an impact on sales.
The past 12 months have seen 72 units sold, and on average units are spending only 39 days on the market.
While it may be on the north side of Sydney Harbour, Kirribilli does offer easy access to Sydney CBD, thanks to the fact that it’s serviced by the Milsons Point train station and the Jeffrey Street Ferry wharf.