Sylvania is a well-established suburb in New South Wales within the Sutherland Shire local government area (postcode 2224). With a population of 10,749, the suburb has a mature demographic with a median age of 46. Households earn a median income of $102K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Greek.
The median house price in Sylvania is $1.6 million, having dropped significantly 19.2% over the past year. Units have a median price of $2.9 million (+121.8% YoY). The current median weekly rent is $1075. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,730.
Sylvania is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 39 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,782 incidents per 100,000 population.
From an investment perspective, Sylvania offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 15.4x is considered stretched. House prices have moved -19.2% year-on-year.
Sylvania is a well-established suburb in New South Wales within the Sutherland Shire local government area (postcode 2224). With a population of 10,749, the suburb has a mature demographic with a median age of 46. Households earn a median income of $102K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Greek.
The median house price in Sylvania is $1.6 million, having dropped significantly 19.2% over the past year. Units have a median price of $2.9 million (+121.8% YoY). The current median weekly rent is $1075. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,730.
Sylvania is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 39 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,782 incidents per 100,000 population.
From an investment perspective, Sylvania offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 15.4x is considered stretched. House prices have moved -19.2% year-on-year.