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Kurraba Point

POSTAL CODE: NSW, 2089
UNIT

Property investments in KURRABA POINT did not fare well against the rest of the country last year, registering a median home price decrease of -31.82%.

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

Based on its average 5-year and quarterly capital gains KURRABA POINT, 2089 saw average growth in the long term.

This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In KURRABA POINT, homes and units usually stay on listing for an average of 68.3 days.

the NSW suburb 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 $1,500,000

Investors saw the median home price rise to $1,500,000.

KURRABA POINT ranks 578th on the list of best yielding suburbs for rental properties in NSW, posting a 2.77% return.

Surburb overview

Kurraba Point, located approximately 4 kilometres north of Sydney's central business district, is a harbourside suburb on the lower North Shore. It falls under the jurisdiction of North Sydney Council and shares the 2089 postcode with the adjacent suburb of Neutral Bay.

Covering an area of about 0.2 square kilometres, Kurraba Point is a compact suburb characterised by its proximity to Sydney Harbour. As of the 2016 census, the population stood at 1,401 residents. The median age was 43 years, with a notable proportion of professionals and managers in the workforce. Approximately 59.7% of residents were born in Australia, and 80.7% spoke only English at home.

Public transportation is well-utilised in Kurraba Point. 33.9% of employed individuals commute via public transit, a figure notably higher than the national average. The Kurraba Point ferry wharf serves the suburb, providing residents with ferry services to Circular Quay and other destinations. Additionally, bus services operate along Wycombe Road, connecting the area to surrounding suburbs and the city centre.

The suburb offers essential amenities, including local shops and cafes, primarily along Kurraba Road. Residents often visit nearby Neutral Bay or the Sydney CBD for more extensive shopping and services. Kurraba Point is also home to several parks, such as Kurraba Point Reserve, which provides green spaces and walking paths with views of Sydney Harbour.

Kurraba Point's waterfront location is the focus of recreational activities. The suburb's parks offer opportunities for picnics, leisurely walks, and harbour views. The water's proximity allows for activities such as kayaking and sailing. The area's natural beauty and tranquillity make it a sought-after location for those seeking a peaceful residential environment close to the city.

In the property market, Kurraba Point has seen significant activity. A luxurious estate at 27 Harriette Street set a new suburb record by selling for $25 million, surpassing the previous record by $5 million. This sale highlights the suburb's appeal and the premium on its real estate.

Kurraba Point offers a blend of harbourside living, convenient city access, and a peaceful community atmosphere, making it a distinctive suburb within Sydney's lower North Shore. 

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