Suburb Profile Report for Potts Point NSW (2011)

Potts Point Unit: Median price $752,500, Annual capital growth 7.91%, Number of sales 155, Weekly median advertised rent $575

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Over the last year, property investments in Potts Point, 2011 have given investors a capital gain of -0.66%. This compares favourably with the -4.02% for NSW as a whole.

If we look at median property appreciation over just the last three months, Potts Point has given property investors a paper return of 1.69%. This puts Suburb as 107 on a list of fastest fasting appreciating suburbs in NSW

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Potts Point, 2011. Typically our figures indicate that -8.18% is being offered, which puts this NSW suburb at 226th most discounted overall in Australia.

Advertised rents are around the $575 mark per week – giving a return of 3.97% based on the median price in Suburb

Information supplied by:


October 2018

M
O

W
E

Little Manhattan is a great market

Postcode: 2011

Median unit price: $640,000

Three-year growth: 20.8%

Rental yield: 4.5%

Potts Point has been called a “little Manhattan” due to the many cafes, bars and restaurants in the suburb. It also enjoys close proximity to the CBD, being just 3km away. This advantage has been highlighted through the ease of transport to the city via Kings Cross railway station and through State Transit buses. Residents can even just walk to the neighbouring suburb of Woolloomooloo via several sets of stairs, including Hills Stairs, McElhone Stairs and Hordern’s Stairs.

The unit market was shaken slightly in the year to July 2018, with prices dropping by 4.2%. However, it bounced back in the July 2018 quarter, with values inching up again by 3.2% to hit a median of $640,000. Demand is also evident in how apartments spend less than two months on the market before being snapped up.

Metrics i HOUSE UNIT
N/A $752,500
N/A 1.69%
N/A -0.66%
N/A 7.91%
N/A $575
N/A 155
N/A 3.97%
N/A 71.8947368421053

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 6861
Median household income ($/weekly) 1506
Median age of persons 35
Median housing loan repayment ($/monthly) 2167
Average household size 1.5
  • Census Count Percent(%)
    20-24 years 761 11.1
    25-34 years 2234 32.6
    35-44 years 1367 19.9
    45-54 years 842 12.3
    55-64 years 650 9.5
    Others 1007 14.7
    Age Group
    Census Count Percent(%)
    Not Married 2800 58.8
    Defacto Relationship 1146 24.1
    Registered Married 818 17.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3356 57.8
    Papua New Guinea 326 5.6
    United Kingdom 541 9.3
    United States of America 137 2.4
    Other 521 9.0
    Others 923 15.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 221 4.0
    Christianity 2691 48.5
    Islam 68 1.2
    Judaism 107 1.9
    No Religion 2371 42.7
    Others 96 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 238 7.6
    $1,000-$1,249 316 10.0
    $1,250-$1,499 297 9.4
    $1,500-$1,999 401 12.7
    $2,500-$2,999 543 17.2
    Others 1354 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3517 62.4
    Not in the labour force 928 16.5
    Employed, worked part-time 811 14.4
    Unemployed, looking for work 217 3.8
    Employed, away from work 167 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 754 16.8
    Professionals 1637 36.4
    Technicians & trades workers 448 10.0
    Community & personal service workers 533 11.8
    Clerical & administrative workers 545 12.1
    Others 582 12.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 46 5.1
    Secondary 112 12.5
    Technical or Further Educational Institution 139 15.5
    University or other Tertiary Institutions 451 50.4
    Other type of educational institution 126 14.1
    Others 21 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4705 93.7
    Semi-detached, row or terrace house, townhouse 281 5.6
    Separate house 33 0.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2111 64.1
    Being purchased 665 20.2
    Fully owned 508 15.4
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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