Potts Point is a mid-sized suburb in New South Wales within the Sydney local government area (postcode 2011). With a population of 7,183, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $107K per year, with an average household size of 1.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Potts Point is $7.5 million, having surged 94.8% over the past year. Units have a median price of $690,000 (-21.9% YoY). The current median weekly rent is $792. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $2,297.
Potts Point is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1150, which is well above the national average of 1,000. Public transport access includes 4 ferry wharfves, 6 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Potts Point offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($7.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 70.2x is considered stretched. House prices have moved +94.8% year-on-year.
Potts Point is a mid-sized suburb in New South Wales within the Sydney local government area (postcode 2011). With a population of 7,183, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $107K per year, with an average household size of 1.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Potts Point is $7.5 million, having surged 94.8% over the past year. Units have a median price of $690,000 (-21.9% YoY). The current median weekly rent is $792. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $2,297.
Potts Point is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1150, which is well above the national average of 1,000. Public transport access includes 4 ferry wharfves, 6 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Potts Point offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($7.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 70.2x is considered stretched. House prices have moved +94.8% year-on-year.