Located in New South Wales within the Woollahra local government area, Point Piper is a small community (postcode 2027). The area has roughly 1,334 residents and an older-leaning population, with a median age of 52. Households earn a median income of $236K 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 +0.0% 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.
Median house prices in Point Piper stand at $10 million, having fallen sharply by 26.7% over the last twelve months. Units have a median price of $5.1 million (+27.6% YoY). The current median weekly rent is $1422. This gives a gross rental yield of approximately 0.7%. The median monthly mortgage repayment is $5,000.
Public transport access includes 3 bus stops. The crime rate in the Woollahra LGA is low at 1,941 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 0.7%, which reads as low yield. Property prices are above the state median ($10.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 43.1x is considered stretched. House prices have moved -26.7% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.