Elizabeth Bay

POSTAL CODE: NSW, 2011
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Based on its average 5-year and quarterly capital gains ELIZABETH BAY, 2011 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.18% growth over a ten-year period. It ranks 1231st on our list of suburbs that property investors should look into.

ELIZABETH BAY, 2011 in NSW belongs to the local government area of Sydney.

ELIZABETH BAY, 2011 has a capital gain of -2.97% for the past year, which is lower than average compared to its 18.09% growth within a five-year period.

With the median home price in ELIZABETH BAY sitting at $897,500, and the average rent at $700, property owners could potentially earn a 4.06% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ELIZABETH BAY are low, as opposed to average gains per annum over the past five years.

Surburb overview

Elizabeth Bay, NSW 2011, is a harbourside suburb 3.5 kilometres east of Sydney’s central business district. Known for its tranquil, upscale atmosphere and proximity to Potts Point and Rushcutters Bay, Elizabeth Bay is popular with professionals, singles, retirees, and LGBTQIA+ communities. A mix of grand apartment buildings, high-rise condominiums, and historic terraces characterises the suburb.

With a population of approximately 5,222 as of the 2016 census, Elizabeth Bay’s predominant age group is 30-39. Most residents are professionals, and the suburb has many singles and couples without children. The median weekly rent for units is around $650, while the median purchase price for a two-bedroom apartment is approximately $955,000.

Public transportation is convenient, with Kings Cross train station nearby and several bus routes servicing the area. The suburb has a handful of cafes and small parks, such as Beare Park and Arthur McElhone Reserve. Residents can access more extensive dining and retail options near Potts Point and Darlinghurst.

Elizabeth Bay’s serene environment, with stunning harbour views and easy access to the city, makes it a desirable place to live. However, the cost of living is high, and no schools within the suburb make it less suitable for families with children.

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