Elizabeth Bay NSW 2011: Property Market Report & Real Estate Insights

Part of Sydney, NSW

Elizabeth Bay Real Estate Market Outlook

Thinking about buying in Elizabeth Bay? Now could not be a better time, with 5973 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,916,000 with prices in this suburb ranging from $18,000 to $88,685,000. Elizabeth Bay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Elizabeth Bay

Consistent high demand relative to supply is a key feature in Elizabeth Bay driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Elizabeth Bay ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Elizabeth Bay classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Elizabeth Bay requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Elizabeth Bay, a picturesque harborside suburb in Sydney, NSW, boasts a vibrant housing market characterized by a mix of historic and contemporary architectural styles. The area's real estate is predominantly comprised of art deco and modern apartments, appealing to both young professionals and retirees seeking an urban lifestyle with a touch of tranquility. In recent years, the local market has seen steady growth in property values, driven by its desirable location and limited housing stock, which often results in competitive bidding. The proximity to Sydney's central business district while offering a peaceful retreat with picturesque views of Port Jackson makes Elizabeth Bay a highly sought-after location, maintaining strong demand despite the broader fluctuations seen in the wider Sydney market.

Living in Elizabeth Bay offers residents a unique blend of cosmopolitan convenience and serene waterside living. With its close-knit community, the suburb fosters a friendly and laid-back atmosphere, enhanced by the lush greenery of nearby parks, such as the iconic Royal Botanic Garden and the tranquil Arthur McElhone Reserve. Residents enjoy easy access to a plethora of dining and cultural delights in nearby locales like Potts Point and Kings Cross, which are buzzing with cafes, restaurants, and bars. Public transport options, including buses and the Kings Cross train station, provide seamless connectivity to the rest of Sydney, making it an ideal spot for those who appreciate an urban lifestyle coupled with natural beauty and community charm. Overall, Elizabeth Bay offers a balanced lifestyle where leisure and convenience meet, framed by stunning harbor views.

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