The Rocks

POSTAL CODE: NSW, 2000
UNIT

THE ROCKS, 2000 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,620,000.

Profits due to an downward trend in home prices in THE ROCKS, 2000 averaged -13.91% per annum over a 3-year period.

Home owners selling their properties and realtors in THE ROCKS usually have to wait an average of 72.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $1500 mark, reflecting a 4.81% increase in returns based on the current median price in THE ROCKS.

THE ROCKS, 2000 places th in Australia based on median property value growth during the quarter.

Surburb overview

The Rocks, NSW 2000, is a historic suburb on the western shores of Sydney Harbour, adjacent to the Sydney CBD and just a short walk from Circular Quay. Known for its cobblestone streets, historic pubs, and colonial-era buildings, The Rocks is a prominent cultural and tourist precinct in Sydney. The area covers approximately 0.2 square kilometres and has a small residential population of around 629 people, with the median age being 40 years.

The demographic profile of The Rocks shows that nearly 46.4% of residents were born in Australia, with other significant communities hailing from England, China, and the United States. English is the primary language spoken at home, followed by Mandarin, Cantonese, and Spanish. The most common occupations include professionals, managers, and clerical workers.

The suburb features a mix of high-rise apartments and heritage-listed properties, with 64.7% of homes being rented. The median weekly rent is $690, and the median monthly mortgage repayment is $2,302.

The Rocks is known for its numerous attractions, including the Rocks Markets, historic Cadmans Cottage, Susannah Place Museum, and Sydney Observatory. It also boasts several galleries, Australian clothing stores, and opal shops, making it a popular destination for tourists and locals. Public transportation is highly accessible, with Circular Quay station providing rail and ferry connections and the area being well-served by buses.

Overall, The Rocks offers a unique blend of history, culture, and modern living, making it a distinctive part of Sydney’s landscape.

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