Powered by MOMENTUM MEDIA
AREA REPORTS

North Sydney

Suburb Profile

North Sydney - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2060

house
unit

Based on its average 5-year and quarterly capital gains NORTH SYDNEY, 2060 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 NORTH SYDNEY, 2060 obtained a 8.23% growth over a ten-year period. It ranks 142nd on our list of suburbs that property investors should look into.

NORTH SYDNEY, 2060 in NSW belongs to the local government area of North Sydney (A).

NORTH SYDNEY, 2060 has a capital gain of -7.68% for the past year, which is lower than average compared to its 15.73% growth within a five-year period.

With the median home price in NORTH SYDNEY sitting at $2,031,000, and the average rent at $862.5, property owners could potentially earn a 2.21% increase in gross rental yield.

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

Surburb overview

With a thriving commercial district and laid back atmosphere, North Sydney is an ideal destination for investors looking to expand their real estate portfolio and families seeking a new home without straying too far from the trappings of a modern city life. Located on the Lower North Shore of Sydney, North Sydney is home to high-rise commercial properties, as well as museums, sports clubs, and several shopping complexes while serving as the seat of power for the local government.

The area has a population of 6,057, with a median age of 34. A huge portion of its workforce is made up of young professionals hailing from the advertising, marketing, printing and publishing, and information technology sectors. Most properties are rented units, apartments, and flats, with the occasional 19th century homes and classic churches breaking the monotony. The area has no shortage of universities and schools run by well-recognized academic organizations.

Investments continue to pour into North Sydney's real estate environment as foreign companies snap up rental properties in its commercial district. The outlook is favourable for buyers flipping both old and new office towers, as office market fundamentals and rental growth remain strong. Technology behemoths such as Cisco Systems, Sun Microsystems, Symantec, and Optus are among these buildings' current inhabitants.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,031,000 $891,400
GROWTH REPORT
Median Quarterly 0% -0.4%
Median 12 month -7.68% -8.99%
Median 3 years -4.09% -18.96%
Median 5 years 15.73% 3.89%
10 years average annual 8.23% 6.28%
Weekly media advert. rent $862.5 $580
Time on Market 0.0 days 65.4 days
Gross Rental Yield Percent 2.21% 3.38%
demographics (median values)
Total Population
6057
Weekly Household Income
1611
Household Size
1.80
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

‘Strong seller’s market’ pinpointed in Adelaide

‘Strong seller’s market’ pinpointed in Adelaide

Agents based in the city of churches are witnessing what’s being dubbed a strong seller’s market as buyers look to take advantage of eme...

Investor shares why now is a great time to buy

Investor shares why now is a great time to buy

An Aussie property investor has unveiled how investing during the COVID-19 pandemic is set to pay off in spades. ...

Melbourne surpasses Sydney with highest vacancy rate

Melbourne surpasses Sydney with highest vacancy rate

Most capital cities recorded declines in vacancy rates over September except Melbourne, which now records the highest vacancy rate across th...

Melbourne

Melbourne moves towards ‘normal’

The Real Estate Institute of Victoria (REIV) has welcomed the Victorian Premier’s indication that private inspections for the purchase or ...

Why diversification is the key to success as a property investor

Why diversification is the key to success as a property investor

Diversification is being dubbed as one of the most important considerations to have as a property investor. Here’s how to ensure you’re ...

Auction clearance rates

Auction clearance rates strengthen as Melbourne activity ramps up

The combined capital city preliminary auction clearance rate improved this week as volumes rose across major capital city markets, led by ac...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.