Elvina Bay is a sparsely populated locality in New South Wales within the Northern Beaches local government area (postcode 2105). The area has roughly 80 residents and a mature demographic, with a median age of 50. Households earn a median income of $102K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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, technicians & trades, labourers. Employment in the area leans toward professional services and manufacturing. The top ancestries reported are English, Australian, Irish.
Median house prices in Elvina Bay stand at $1.1 million, having dropped significantly by 8.7% over the last twelve months. The current median weekly rent is $1900. This gives a gross rental yield of approximately 9.4%. The median monthly mortgage repayment is $2,400.
Public transport access includes 1 ferry wharf. The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
On the investment side, Elvina Bay shows a gross rental yield of approximately 9.4%, rated as high yield. Property prices sit below the state median ($1.1M/$1.5M), which can point to relative value. The price-to-income ratio of 10.3x is considered stretched. House prices have moved -8.7% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.