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 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Edgecliff is $2.1 million, having dropped significantly 36.2% over the past year. Units have a median price of $1.6 million (+26.7% YoY). The current median weekly rent is $1295. This gives a gross rental yield of approximately 3.2%. 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 1,923 incidents per 100,000 population.
From an investment perspective, Edgecliff offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.3x is considered stretched. House prices have moved -36.2% year-on-year.
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 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Edgecliff is $2.1 million, having dropped significantly 36.2% over the past year. Units have a median price of $1.6 million (+26.7% YoY). The current median weekly rent is $1295. This gives a gross rental yield of approximately 3.2%. 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 1,923 incidents per 100,000 population.
From an investment perspective, Edgecliff offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.3x is considered stretched. House prices have moved -36.2% year-on-year.