Watsons Bay (postcode 2030) is a small locality in New South Wales within the Woollahra local government area. The area has roughly 883 residents and a settled mid-life population, with a median age of 40. Households earn a median income of $152K per year, with an average household size of 2.4 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 managers, professionals, community & personal service. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Watsons Bay is $9.6 million, having jumped by 50.4% over the past year. Units have a median price of $1.0 million (-52.4% YoY). The current median weekly rent is $1350. This gives a gross rental yield of approximately 0.7%. The median monthly mortgage repayment is $3,384.
Public transport access includes 2 bus stops. The crime rate in the Woollahra LGA is low at 1,941 incidents per 100,000 population.
Looking at the investment signals, Watsons Bay shows a gross rental yield of approximately 0.7%, rated as low yield. Property prices are above the state median ($9.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 62.8x is considered stretched. House prices have moved +50.4% 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.