Tamarama NSW 2026: Property Market Report & Real Estate Insights

Part of Waverley, NSW

Tamarama Real Estate Market Outlook

Thinking about buying in Tamarama? Now could not be a better time, with 1058 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $4,823,000 with prices in this suburb ranging from $100,000 to $33,322,000. Tamarama 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 Tamarama

Consistent high demand relative to supply is a key feature in Tamarama driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Tamarama 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 Tamarama 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. Medium density in Tamarama necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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

Tamarama, often referred to as "Glamarama" due to its upscale and trendy atmosphere, is a small yet vibrant coastal suburb nestled in the Waverley Council area of New South Wales. Known for its stunning beachfront and luxurious homes, Tamarama is a coveted location for those seeking a blend of natural beauty and metropolitan convenience. The housing market here is characterized by high demand and premium prices, largely due to its picturesque setting and proximity to Sydney’s central business district, just about 7 kilometers away. Properties in Tamarama are a mix of modern architectural marvels and charming older homes, often offering breathtaking ocean views. The competitive market reflects the desirability of this seaside community, attracting affluent buyers and investors looking for high-return opportunities.

Living in Tamarama provides a unique lifestyle defined by both relaxation and activity. The small, intimate beach serves as a hub for surfers and sun-seekers, creating a laid-back beach culture that’s ideal for outdoor enthusiasts. Residents enjoy access to the famous Bondi to Coogee coastal walk, which offers dramatic cliffside views and connects them to nearby beaches and vibrant neighborhoods. The suburb exudes an exclusive feel due to its limited residential size and a strong sense of community. With easy access to eclectic dining, shopping, and leisure options in nearby Bondi and Bronte, Tamarama offers its residents a perfect blend of tranquility and urban living.

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