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Elanora Heights

POSTAL CODE: NSW, 2101
HOUSE

Property investors have seen a 0.99% gain in ELANORA HEIGHTS based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains ELANORA HEIGHTS, 2101 saw average growth in the long term.

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 $2,555,000

Profits averaged 3% per annum over a 3-year period, due to an upward trend in home prices in ELANORA HEIGHTS, 2101.

This means, real estate investors could earn a rental income of $1300 based on current median home prices for the suburb.

The gross rental yield in ELANORA HEIGHTS, 2101 is 2.65%.

An average of 4.5 real estate transactions take place per month in ELANORA HEIGHTS which translates to 54 per annum.

Surburb overview

Elanora Heights, located approximately 27 kilometres north-east of Sydney's central business district, is a residential suburb within the Northern Beaches Council area. As of 2023, the suburb has an estimated population of 4,615 residents, reflecting a modest increase from the 4,581 recorded in the 2021 Census. The median age of residents is 41 years, with a significant proportion of families with children contributing to the community's demographic profile.

Public transportation in Elanora Heights primarily consists of bus services connecting the suburb to surrounding areas and the Sydney central business district (CBD). Approximately 8.2% of employed residents utilise bus services for their daily commute, while a majority of 82.6% rely on private vehicles. The suburb's road network provides convenient access to major routes, facilitating travel to neighbouring suburbs and the city centre.

Elanora Heights boasts a range of essential establishments that cater to the needs of its residents. The suburb features local shops and services, contributing to its self-sufficiency. For more extensive shopping and amenities, residents often visit nearby centres in the Northern Beaches region. Educational facilities are available within and around the suburb, supporting the community's focus on family living.

Recreational opportunities abound in Elanora Heights, with its proximity to natural reserves and parks. The suburb is adjacent to Garigal National Park, offering residents access to bushwalking trails and native wildlife. Additionally, the area is home to two private golf courses: Elanora Country Club and Monash Country Club, providing leisure activities for golf enthusiasts. The nearby Narrabeen Lagoon also offers a range of water-based recreational activities, further enhancing the suburb's appeal for outdoor enthusiasts.

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