Lavender Bay is a small community in New South Wales within the North Sydney local government area (postcode 2060). With a population of 870, the suburb has an established demographic with a median age of 43. Households earn a median income of $124K per year, with an average household size of 1.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lavender Bay is $4.8 million, having dropped significantly 15.7% over the past year. Units have a median price of $1.1 million (-14.4% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,984.
Public transport access includes 3 bus stops. The crime rate in the North Sydney LGA is low at 1,731 incidents per 100,000 population.
From an investment perspective, Lavender Bay offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($4.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 39.2x is considered stretched. House prices have moved -15.7% year-on-year.
Lavender Bay is a small community in New South Wales within the North Sydney local government area (postcode 2060). With a population of 870, the suburb has an established demographic with a median age of 43. Households earn a median income of $124K per year, with an average household size of 1.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lavender Bay is $4.8 million, having dropped significantly 15.7% over the past year. Units have a median price of $1.1 million (-14.4% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,984.
Public transport access includes 3 bus stops. The crime rate in the North Sydney LGA is low at 1,731 incidents per 100,000 population.
From an investment perspective, Lavender Bay offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($4.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 39.2x is considered stretched. House prices have moved -15.7% year-on-year.