Located in New South Wales within the Sydney local government area, Rushcutters Bay is a smaller suburb (postcode 2011). It is home to about 2,335 residents, with an established family demographic and a median age of 38. Households earn a median income of $98K per year, with an average household size of 1.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, Irish.
Median house prices in Rushcutters Bay stand at $3.3 million, having risen steeply by 109% over the last twelve months. Units have a median price of $860,000 (-2.5% YoY). The current median weekly rent is $738. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,600.
Public transport access includes 3 bus stops. The crime rate in the Sydney LGA is moderate at 7,608 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.2%, which reads as low yield. Property prices are above the state median ($3.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 33.3x is considered stretched. House prices have moved +109.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.