Elizabeth Bay is a smaller residential area in New South Wales within the Sydney local government area (postcode 2011). With a population of 4,878, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $110K per year, with an average household size of 1.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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.
Elizabeth Bay has a median house price of $7.7 million, which has surged by 63.8% year-on-year. Units have a median price of $783,000 (-15.6% YoY). The current median weekly rent is $738. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $2,582.
Public transport access includes 6 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Sydney LGA is moderate at 7,608 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 0.5%, which reads as low yield. Property prices are above the state median ($7.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 70.0x is considered stretched. House prices have moved +63.8% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.