Edgecliff is a smaller suburb in New South Wales within the Woollahra local government area (postcode 2027). With a population of 2,499, the suburb has an established family demographic with a median age of 39. Households earn a median income of $121K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
The median house price in Edgecliff is $3.0 million, having moved lower by 3.2% over the past year. Units have a median price of $1.4 million (+2.2% YoY). The current median weekly rent is $1422. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $3,000.
Edgecliff is served by 1 school, including 1 combined. The average ICSEA score is 1217, which is well above the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Woollahra LGA is low at 1,941 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.5%, which reads 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 24.9x is considered stretched. House prices have moved -3.2% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.