Suburb Profile Report for Neutral Bay NSW (2089)

Neutral Bay House: Median price $2,590,000, Annual capital growth 9.97%, Number of sales 52, Weekly median advertised rent $1,095

Neutral Bay Unit: Median price $960,000, Annual capital growth 7.08%, Number of sales 242, Weekly median advertised rent $600

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

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

  • House Report
  • Unit Report

Property investors who have had real estate in Neutral Bay, 2089 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.91%

If we look at median property appreciation over just the last three months, Neutral Bay has given property investors a paper return of 7.82%. This puts Suburb as 94 on a list of fastest fasting appreciating suburbs in NSW

In the last year 53 properties changed hands in Neutral Bay, which puts it as the 700th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $1095 and the average annual increase in value of a median property of 9.47%, investors should hope to achieve an overall return of 2.23%

If you compare the increase in value of investment property in Neutral Bay, 2089 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 -4.43%.

Across a shorter period, Neutral Bay, 2089 has seen a median price increase of -3.10% over the last quarter.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.92% offered to property buyers. Sellers in Neutral Bay itself are offering an average vendor discount of -4.47% to real estate investors.

Advertised rents are around the $595 mark per week – giving a return of 3.22% based on the median price in Suburb

Metrics i HOUSE UNIT
$2,590,000 $960,000
2.53% -3.07%
13.85% -10.70%
9.97% 7.08%
$1,095 $600
52 242
2.20% 3.25%
60.083332 44.454544

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

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 9384
Median household income ($/weekly) 2073
Median age of persons 35
Median housing loan repayment ($/monthly) 2557
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 605 6.4
    25-34 years 2782 29.6
    35-44 years 1714 18.3
    45-54 years 1066 11.4
    55-64 years 987 10.5
    Others 2230 23.8
    Age Group
    Census Count Percent(%)
    Not Married 3433 46.4
    Registered Married 2697 36.5
    Defacto Relationship 1263 17.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5161 59.2
    South Korea 182 2.1
    Papua New Guinea 342 3.9
    United Kingdom 833 9.6
    Other 724 8.3
    Others 1476 16.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 302 3.6
    Christianity 4829 57.9
    Hinduism 190 2.3
    Judaism 93 1.1
    No Religion 2819 33.8
    Others 104 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 309 7.5
    $1,500-$1,999 526 12.8
    $2,500-$2,999 814 19.8
    $3,000-$3,499 346 8.4
    $4,000 or more 441 10.7
    Others 1675 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4619 58.5
    Not in the labour force 1604 20.3
    Employed, worked part-time 1236 15.7
    Employed, away from work 243 3.1
    Unemployed, looking for work 190 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 1159 19.0
    Professionals 2539 41.6
    Community & personal service workers 432 7.1
    Clerical & administrative workers 857 14.0
    Sales 474 7.8
    Others 641 10.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 328 20.3
    Secondary 228 14.1
    Technical or Further Educational Institution 165 10.2
    University or other Tertiary Institutions 650 40.3
    Other type of educational institution 124 7.7
    Others 117 7.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5523 65.6
    Semi-detached, row or terrace house, townhouse 1703 20.2
    Separate house 1180 14.0
    Caravan, cabin, houseboat 11 0.1
    House or flat attached to a shop, office 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2312 52.9
    Fully owned 1025 23.5
    Being purchased 1021 23.4
    Other tenure type 9 0.2
    Tenure Type
Census 2011, ABS
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