Suburb Profile Report for Edgecliff NSW (2027)

Edgecliff House: Median price $1,935,000, Annual capital growth 13.67%, Number of sales 11, Weekly median advertised rent $950

Edgecliff Unit: Median price $1,125,000, Annual capital growth 10.54%, Number of sales 34, Weekly median advertised rent $650

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Edgecliff has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.02%

Taking the average capital gain, or increase in median house value, Edgecliff,2027 has racked up an average of 5.02% over the period. This ranks it number 3740th in the whole country for real estate investors looking at median house price increases.

Edgecliff, 2027’s gross rental yield is 2.55%

Property value increases in Edgecliff have tracked just higher than the NSW average of -4.02% over the last 12 months.

If we look at median property appreciation over just the last three months, Edgecliff has given property investors a paper return of -9.27%. This puts Suburb as 483 on a list of fastest fasting appreciating suburbs in NSW

Advertised rents are around the $650 mark per week – giving a return of 2.91% based on the median price in Suburb

Rich Harvey Information supplied by:

Rich Harvey
Propertybuyer

M
O (02) 99753311

W www.propertybuyer.com.au
E info@propertybuyer.com.au

Selling points: Edgecliff is just 3km from the Sydney CBD and has excellent transport links with both trains and buses. It offers residents a very interactive lifestyle with plenty of parks and recreational facilities on hand. Rushcutters Bay in also in close proximity, making for properties with terrific outlooks in the area.

According to Residex, investors in the area can expect healthy future growth with 8% pa over the next eight years for houses. Apartments are expected to grow at a lower rate of 6% pa, however returning a greater yield of 5% as opposed to 2% for houses.

Most sought after properties: The two predominant types of property in Edgecliff are terrace houses and apartments. When buying apartments, look for two bedrooms in a good location, preferably with views. Investors looking to purchase a terrace house should aim for three bedrooms with good size living areas, away from main roads.

Most common properties: The suburb is characterised by older style apartment buildings and late 19th century Victorian terrace houses. There are also renovated workers’ cottages and a range of new modern apartment complexes in the neighbourhood.

Top amenities: The Edgecliff Centre offers a complete retail hub catering to local residents for all their necessities. Due to its central location, Edgecliff offers close proximity to a wide variety of sporting amenities. It is also within walking distance to Rushcutters Bay and only a short drive to Bondi Junction, which also provides a complete shopping and recreational experience. It’s only a short skip to the stylish Double Bay or Bondi Junction shopping precincts.

Local industry and business: Edgecliff is predominantly a small residential suburb offering a relaxed lifestyle; retail would be considered the largest industry in the area.

Recent changes: The cross city tunnel opened in August 2005, which provided much quicker road transport access for commuters.

Best streets: Edgecliff consists of only a handful of streets, three of which are main arterial roads servicing the Eastern Suburbs region. Albert Street offers an elevated landscape with low traffic volumes. This street is lined with a combination of terrace houses and several larger apartment buildings offering great views.

Public transport: Local public transport is very good with Edgecliff station providing for an easy rail commute into the CBD. There are also CBD bus services (route 352 to Wynyard) available running along New South Head Road.

Main arteries: New South Head Road is the main arterial road servicing the area. It provides for an easy commute into the CBD, as well as the cross city tunnel linking the eastern suburbs with the Western Distributor. This main road is also linked to the eastern distributor and provides a link to the Bradfield Highway connecting the eastern suburbs to Sydney’s northern districts.

Another arterial road is Ocean Street, which links Edgecliff to the beach suburb of Bondi. This road provides access to one of the world’s most famous beaches.

Metrics i HOUSE UNIT
$1,935,000 $1,125,000
N/A -9.27%
5.02% 0.45%
13.67% 10.54%
$950 $650
11 34
2.55% 2.91%
N/A 65.3076923076923

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 : Above average (H), Above average (U)
Find a mortgage broker in Edgecliff NSW
Demographics
Total population 1980
Median household income ($/weekly) 1783
Median age of persons 38
Median housing loan repayment ($/monthly) 2817
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 572 28.9
    35-44 years 300 15.1
    45-54 years 202 10.2
    55-64 years 195 9.8
    65-74 years 165 8.3
    Others 547 27.6
    Age Group
    Census Count Percent(%)
    Not Married 806 52.4
    Registered Married 470 30.6
    Defacto Relationship 262 17.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1047 58.3
    Italy 52 2.9
    Papua New Guinea 77 4.3
    United Kingdom 185 10.3
    Other 153 8.5
    Others 282 15.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 2.6
    Christianity 991 57.3
    Hinduism 26 1.5
    Judaism 124 7.2
    No Religion 527 30.5
    Others 16 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 73 8.1
    $1,250-$1,499 75 8.4
    $1,500-$1,999 102 11.4
    $2,500-$2,999 143 15.9
    $4,000 or more 90 10.0
    Others 414 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 871 53.3
    Not in the labour force 442 27.0
    Employed, worked part-time 230 14.1
    Employed, away from work 51 3.1
    Unemployed, looking for work 41 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 233 20.2
    Professionals 479 41.6
    Community & personal service workers 67 5.8
    Clerical & administrative workers 155 13.5
    Sales 97 8.4
    Others 121 10.5
    Occupation
    Census Count Percent(%)
    Pre-school 17 6.5
    Infants/Primary 62 23.8
    Secondary 40 15.3
    Technical or Further Educational Institution 27 10.3
    University or other Tertiary Institutions 105 40.2
    Others 10 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1268 73.6
    Semi-detached, row or terrace house, townhouse 344 20.0
    Separate house 111 6.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 509 53.6
    Fully owned 274 28.9
    Being purchased 166 17.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table