Suburb Profile Report for Neutral Bay NSW (2089)

Neutral Bay House: Median price $2,541,000, Annual capital growth 9.32%, Number of sales 36, Weekly median advertised rent $1,050

Neutral Bay Unit: Median price $950,000, Annual capital growth 6.89%, Number of sales 181, Weekly median advertised rent $600

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

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

  • House Report
  • Unit Report

Neutral Bay, 2089 ranked 77th in NSW when comparing growth in median property values or capital gain over the last 12 months. Neutral Bay is one of 3163 in our list for NSW

A 67.72% growth in median value for property investors in Neutral Bay,2089 puts this suburb at number 715th in terms of best performing suburbs in NSW

Often selling an investment property can take time, and in Neutral Bay the average time real estate has been on the market is 73.0909 days.

Renters in Suburb are facing rents around $54600 per annum or $1050 every week.

Investment property in Neutral Bay has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.45%

Over the longer term, Neutral Bay has seen property prices show investors a 3.26% return over the last 3 years. This is worse than over the last 12 months

At number 266th of NSW’s most discounted properties, Neutral Bay is in the TOP 30% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 15.08 sales per month, which equates to 181 per year.

Advertised rents are around the $600 mark per week – giving a return of 3.28% based on the median price in Suburb

Metrics i HOUSE UNIT
$2,541,000 $950,000
-1.89% -4.04%
15.50% -6.45%
9.32% 6.89%
$1,050 $600
36 181
2.15% 3.28%
73.0909090909091 51.4788732394366

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 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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