North Sydney (postcode 2060) is a mid-sized suburb in New South Wales within the North Sydney local government area. With a population of 8,964, the suburb has a blend of families and working-age professionals with a median age of 36. Households earn a median income of $125K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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, Chinese.
North Sydney has a median house price of $3.1 million, which has ticked up by 0.8% year-on-year. Units have a median price of $595,000 (-52.9% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,817.
North Sydney is served by 5 schools, including 1 primary, 1 secondary, 3 combined. The average ICSEA score is 1183, which is well above the national average of 1,000. Public transport access includes 1 rail station, 31 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the North Sydney LGA is low at 1,752 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.4% (low yield). Property prices are above the state median ($3.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 25.1x is considered stretched. House prices have moved +0.8% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.