Cottage Point is a quiet locality in New South Wales within the Northern Beaches local government area (postcode 2084). With a population of 96, the suburb has an older demographic with a median age of 60. Households earn a median income of $143K per year, with an average household size of 1.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Cottage Point is $3.0 million, having dropped significantly 34.4% over the past year. The current median weekly rent is $1200. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $4,300.
The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Cottage Point offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($3.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.6x is considered stretched. House prices have moved -34.4% year-on-year.
Cottage Point is a quiet locality in New South Wales within the Northern Beaches local government area (postcode 2084). With a population of 96, the suburb has an older demographic with a median age of 60. Households earn a median income of $143K per year, with an average household size of 1.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Cottage Point is $3.0 million, having dropped significantly 34.4% over the past year. The current median weekly rent is $1200. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $4,300.
The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Cottage Point offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($3.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.6x is considered stretched. House prices have moved -34.4% year-on-year.