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North Sydney, NSW 2060

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for North Sydney, NSW 2060 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “North Sydney, NSW 2060”

  1. The total adult population (15 years or older) of North Sydney 2060 NSW is 8,010, with a median age of 36. Of those, 37.38% are married, 11.64% are divorced or separated, 47.44% are single and 3.51% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $14,128. The median monthly mortgage repayment for households in this suburb is $2,817 which is 19.94% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of New South Wales, the suburb of North Sydney 2060 is known for its highly urbanised landscape, housing approximately 6999 households. As we delve into the Q3 2023 statistics, we see a rather vibrant property market for those interested in houses.

    The typical house price sits at an upscale $3,058,570. With a median weekly rent of $1003, property investors can expect an indicative yield of 1.71%. However, it’s essential to note that this yield falls below the 3% threshold, which may be less appealing to cashflow-centric property investors.

    North Sydney posts a notable IRSAD score of 1166 out of 1217, reflecting the suburb’s substantial socio-economic standing. Despite the commendable score, potential investors might raise an eyebrow at the high renter-to-owner ratio of 61%. This figure surpasses the recommended 30% beyond which the returns might be compromised due to the prevalence of rental properties and heightened competition.

    Concerning property composition, North Sydney sees an immense dominance of units, with the units to houses ratio striking a staggering 89%. This could signal high rental competition impacting rental yields. However, the predominance of units may cater to specific demographics such as singles or couples, which contribute notably to the local rental market.

    Investors might find the affordability index daunting as it spikes at 85 years. This measure suggests that it would take an average family substantially longer than the standard 30-year mortgage period to fully own a property. This could deter potential buyers and present a challenge for the market fluidity.

    On the supply spectrum, the suburb shows positive indications with a low stock on market Percentage of 0.3% and satisfying inventory levels at 1.33 months. This suggests a low supply market, which may prompt competitive buying conditions and potential capital growth. Furthermore, with a low building approvals Ratio of 0.3%, there is little risk of oversupply from new dwellings.

    Unveiling the demand metrics, North Sydney’s days on market average a swift 31 days, suggesting a high demand with properties being snapped up fairly quickly. Vacancy rates present a balanced scenario at 2.21%, which isn’t unfavourable or overly impressive, indicating a steady yet competitive rental market. The buy search index for houses is at 3, which might suggest a steady but limited demand.

    Investors, however, should keep an eye on the trends alongside these figures. Despite some statistics not falling within ideal ranges, the market could still be potentially fruitful if the majority of metrics lean favourable. The robust RCS (Relative Composite Score) offered by HtAG Analytics makes this task simpler by consolidating over 80 metrics to provide a comprehensive market view. So, keep researching and stay informed!

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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