Suburb Profile Report for Neutral Bay NSW (2089)

Neutral Bay House: Median price $2,450,000, Annual capital growth 8.54%, Number of sales 36, Weekly median advertised rent $1,023

Neutral Bay Unit: Median price $933,000, Annual capital growth 6.78%, Number of sales 172, Weekly median advertised rent $600

  • 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.

  • House Report
  • Unit Report

With a capital gain of 1.77% for the last 12 months, Neutral Bay, 2089 has performed for property investments than its average annual 8.54% property growth over the last 5 years.

A 59.09% growth in median value for property investors in Neutral Bay,2089 puts this suburb at number 1012th in terms of best performing suburbs in NSW

In the last year 36 properties changed hands in Neutral Bay, which puts it as the 698th most active market in NSW when comparing the number of sales per suburb.

At number 1238th in the list of Australian suburbs ordered by increase in median house value over the last year, Neutral Bay, 2089 is in the BOTTOM 20% with a property value increase of -10.93% recorded in median house prices.

If we look at median property appreciation over just the last three months, Neutral Bay has given property investors a paper return of -1.27%. This puts Suburb as 272 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Neutral Bay should be aiming for at least -5.36% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Neutral Bay being $933000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.34%

Metrics i HOUSE UNIT
$2,450,000 $933,000
-3.58% -1.27%
1.77% -10.93%
8.54% 6.78%
$1,023 $600
36 172
2.17% 3.34%
57 58.2950819672131

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)
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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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