Potts Point

POSTAL CODE: NSW, 2011

HOUSE

UNIT

It also 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 $7,500,000

The augmented property values in the suburb are trailing behind the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $680.

Home owners selling their properties and realtors in POTTS POINT usually have to wait an average of N/A days before their assets are lifted off the market.

The NSW suburb ranks 1168th on the list of best yielding suburbs for rental properties in NSW, posting a 0.47% return.

It also places places th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 9.76% over the last 12 months in POTTS POINT, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that POTTS POINT, 2011 obtained a 2.77% growth over a ten-year period. It ranks 1326th on our list of suburbs that property investors should look into.

POTTS POINT, 2011 has a capital gain of 9.76% for the past year, which is higher than average compared to its 8.76% growth within a five-year period.

With the median home price in POTTS POINT sitting at $900,000, and the average rent at $695, property owners could potentially earn a 4.02% increase in gross rental yield.

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

POTTS POINT, 2011 in NSW belongs to the local government area of Sydney.

Surburb overview

Potts Point, NSW 2011, is a vibrant and affluent inner-city suburb approximately 3 kilometres east of the Sydney central business district. The suburb is characterised by its mix of Art Deco architecture, modern apartments, and heritage-listed homes. Potts Point has a population of around 9,423 residents, with a predominant age group of 32 years. The area is popular with young professionals, singles, and couples without children.

The suburb is well-connected by public transportation, with Kings Cross train station providing easy access to the city and numerous bus routes available. Potts Point is highly walkable, with residents often walking to the nearby Sydney Harbour, Royal Botanic Gardens, and Hyde Park.

Potts Point offers diverse dining options, featuring many restaurants and cafes tucked away in back alleys and various retail outlets, including Harris Farm, Coles, and Woolworths. Additionally, residents can enjoy cultural venues like the Artspace Visual Arts Centre and the Art Gallery of New South Wales.

The housing market in Potts Point primarily consists of apartments and units, with a median unit price of $670,000. The median weekly rent is $485, reflecting the area’s high demand due to its prime location and lifestyle amenities.

Overall, Potts Point is a desirable suburb for those seeking a vibrant urban lifestyle with convenient access to Sydney’s CBD and picturesque harbour views.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$7,500,000	$900,000
Growth Report
Median Quarterly	0%	7.78%
Median 12 month	0%	9.76%
Median 3 years	0%	5.88%
Median 5 years	0%	8.76%
10 years average annual	0%	2.77%
Weekly media advert. rent	$680	$695
Time on Market	N/A	63.2 days
Gross Rental Yield Percent	0.47%	4.02%

Demographics (Median Values)*

Total Population 21196

Weekly Household Income 1861

Household Size 1.60

Average Age 35

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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