McMahons Point is a smaller suburb in New South Wales within the North Sydney local government area (postcode 2060). With a population of 2,315, the suburb has an established demographic with a median age of 44. Households earn a median income of $134K 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 McMahons Point is $3.7 million, having risen modestly 1.1% over the past year. Units have a median price of $1.1 million (-13.4% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,000.
Public transport access includes 1 ferry wharf, 12 bus stops. The crime rate in the North Sydney LGA is low at 1,731 incidents per 100,000 population.
From an investment perspective, McMahons Point offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($3.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.7x is considered stretched. House prices have moved +1.1% year-on-year.
McMahons Point is a smaller suburb in New South Wales within the North Sydney local government area (postcode 2060). With a population of 2,315, the suburb has an established demographic with a median age of 44. Households earn a median income of $134K 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 McMahons Point is $3.7 million, having risen modestly 1.1% over the past year. Units have a median price of $1.1 million (-13.4% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,000.
Public transport access includes 1 ferry wharf, 12 bus stops. The crime rate in the North Sydney LGA is low at 1,731 incidents per 100,000 population.
From an investment perspective, McMahons Point offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($3.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.7x is considered stretched. House prices have moved +1.1% year-on-year.