Municipality of Woollahra
The wealthiest region in Australia statistically; often having more than double the national average income. The Woollahra Local Government area is a region to rub shoulders with Sydney's billionaires and Australia's most influential people.
Woollahra - Suburb Profiles
Buyers Agent Woollahra
BELLEVUE HILL, NSW 2023 SUBURB PROFILE
Bellevue Hill is located in one of the most beautiful pockets of Sydney, boasting fantastic views of Sydney Harbour.
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Bellevue Hill boasts some of the most prestigious schools in Australia such as Scots College & Cranbrook School.
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Many residents of Bellevue Hill are considered wealthy, often employed within the Finance, Legal & Medical Fields.
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Bellevue Hill residents enjoy a fantastic lifestyle close to all facilities such as the Oxford Street, City & Bondi Junction Shopping precincts, the harbour and nearby local beaches such as Vaucluse & Bondi and plenty of access to healthcare services nearby.
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Bellevue Hill is one of the best performing capital growth locations, performing at above 9% for over 100 years. Cash flow often is at the 2-2.5% yield mark with vacancy rates between 0.5-1.5%.
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Properties, in particular houses are always in demand, yet have very limited supply, hence having a Buyers Agent in Bellevue Hill is crucial to purchasing with success.
DARLING POINT, NSW 2027 SUBURB PROFILE
Often in the top 3 most expensive suburbs in Australia, Darling Point is a suburb full of prestige, class & wealth.
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Many Darling Point residents enjoy the open space of the Upper Eastern Suburbs, but also the closer proximity to the CBD.
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Primary, Secondary & Private Schools of prestige are all very close by to Darling Point, many within 10 minutes drive.
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As a wealthy area, many residents of Darling Point are within Professional Services such as IT, Law & Finance.
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Unlike some of its neighbouring counterparts, Darling Point does have a reasonable supply of apartments, which are serviced by an array of transport bus and ferry routes.
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Alike to many neighbouring suburbs, Darling Point has a history of 9%+ capital growth for over 100 years, and a yield between 2-2.5%. Vacancy rates generally sit between 1-2%.
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Darling Point is a suburb of extremely low supply but high in demand from wealthy aspiring buyers. Having a Buyers Agent in Darling Point is often the difference between buying and missing out completely.
DOUBLE BAY, NSW 2028 SUBURB PROFILE
Double Bay is an upmarket suburb located 4km East of Sydney CBD.
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Double Bay, Double Pay is a phrase used by many Sydneysiders and for good reason. Many residents within Double Bay earn more than double the average income and are employed within the Legal, Medical & Finance Industries.
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Outdoor activities such as boating, sailing and sport are all popular within Double Bay. Shopping and dining are also popular due to the great proximity to the CBD and abundance of boutique stores within the suburb and Paddington.
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Many residents send their children to the array of Private Schools that are within the nearby suburbs such as St Catherine's & Scots College.
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Double Bay has exceptional capital growth for houses and units, often performing at above 8%, and yields being between 2.5-3%. Vacancy rates generally are between 1.5-2.5%.
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Due to its proximity to the CBD, purchasing in Double Bay is difficult as you do not only have families competing, but also childless working professionals.
Having a Buyers Agent in Paddington by your side that has previous experience purchasing will greatly improve your chances of success in a market as such.
EDGECLIFF, NSW 2027 SUBURB PROFILE
Edgecliff is one of the oldest suburbs in Sydney, and a key heartland to the movement of residents and goods throughout Sydney as seen through a photo in Edgecliff more than 60 years ago.
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Residents of Edgecliff vary from professionals, to childless couples, to families and young people. This is due to the vast array of activities from the nearby beaches, shopping precincts and proximity to the CBD.
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Edgecliff has many young people that attend both pubic and private schools in nearby suburbs. Often some attend schools in the CBD, as Edgecliff is the only suburb within the local government area with a train station. Bus services also run throughout day and night.
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Residents are of all different employment fields; many established families and professionals work within IT, Law & Medicine, though younger residents often work within Cafes and Restaurants whilst studying.
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Land is extremely scarce in Edgecliff, hence growth is very high but difficult to compare. Houses often perform at 9%+ per annum, though apartments due to larger supply often perform at 5-6%. Yields often sit between 2.5-3% & vacancy rates generally sit between 1.5-3%.
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For potential purchasers looking to buy land, it is crucial that you have a Buyers Agent in Edgecliff. Many great deals happen entirely off market.
Otherwise you are likely to face fierce competition from developers and wealthy overseas migrants.
PADDINGTON, NSW 2021 SUBURB PROFILE
Paddington is perhaps one of Sydney's most gentrified suburbs. In the early 1900s it was known as a slum, however it is now one of the most liveable suburbs in Australia.
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Alike to Edgecliff, Paddington is a suburb of mixed demographics; from professionals to families to young people.
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Many residents enjoy shopping and dining in Oxford Street amongst the boutique alternative vibe.
Paddington is one of the easiest commutable suburbs in Sydney pitched right between the City and Bondi Beach with buses regularly travelling in every direction.
Professional workers are extremely common in Paddington amongst all fields from Government to Medical to Legal. Younger residents often work amongst the cafes, restaurants and arenas such as Sydney Football Stadium.
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Paddington is almost entirely attached terrace style dwellings, detached dwellings exist but are rare. Capital growth for these dwellings is high, often above 9% and sometimes above 10% for detached dwellings. Yields are often closer to 3% and vacancy rates sit between 2-2.5%.
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As a prospective buyer in Paddington, the scarcity of land and low stock make it an extremely difficult market to buy in.
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Having a Buyers Agent in Paddington could be one of the best decisions you make, simply because the strategy you take in purchasing may determine winning and losing a deal.
POINT PIPER, NSW 2027 SUBURB PROFILE
Australia's most expensive suburb, and for good reason. Point Piper has perhaps the most spectacular views of the Harbour, including both the Bridge and Opera House.
It is home to the most expensive street in the Southern Hemisphere; Wolseley Road where properties regularly sell for above $100M.
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Point Piper has a fantastic lifestyle by the harbour, and is home to many sports clubs, sailing clubs and outdoor activity clubs.
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Younger residents are almost entirely sent to private schools, especially Cranbrook School which is on the southern boundary of the suburb.
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Entrepreneurs, stockbrokers, doctors, lawyers, property developers and managers are all common in Point Piper. Many of Sydney's billionaires call Point Piper home.
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Expensive, however Point Piper has more than 100 years of 9% capital growth. Waterfront properties sometimes perform 11%, and yields generally sit between 1-2%. Vacancy rates are often under 1%, though it is rare for more than 10 properties to be on the rental market.
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Having a Buyers Agent in Point Piper is critical. Almost all prestige properties are sold off market, many that do hit market also have strict access requirements to attend.
ROSE BAY, NSW 2029 SUBURB PROFILE
One of the larger suburbs in the Woollahra Local Government Area, Rose Bay is a suburb of open space, tranquillity and class.
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Rose Bay residents enjoy perhaps the best lifestyle location in the region; close to Bondi, close to the CBD, great bus & ferry transport, large parks, golf courses and great beaches & waterways within the suburb. Rose Bay also has a small shopping village within two sections of the suburb.
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There are many good private and public schools within the suburb and neighbouring suburbs, which are all easily accessible to residents who often send their children to top private schools nearby.
It should be noted that there is a large Jewish Population in Rose Bay and particularly neighbouring Dover Heights. Kosher products can be found in most grocery stores as well as there being Jewish Schools such as Kesser Torah & Moriah College nearby.
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There are many business owners within Rose Bay, particularly IT & Property Developers as well as many people within professional services.
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Houses in Rose Bay perform at above 8.5% growth, but this is largely dependent on the pocket that they are within. Blocks closer to the harbour often perform closer to 10% year on year. Yields often sit between 1.5-2.5% and vacancy rates are between 1-2%.
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Rose Bay is a suburb with some quite large blocks, which are developable and upgradeable, meaning developers often see Rose Bay as a great source suburb in the East.
It is important that you have an appropriately experienced Buyers Agent in Rose Bay due to this, to assist you in purchasing the correct stock at the correct price.
VAUCLUSE, NSW 2030 SUBURB PROFILE
Vaucluse is perhaps one of the best known prestigious suburbs of the East. It is almost entirely compromised of single detached dwellings on large blocks, some above an acre.
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Residents of Vaucluse are quite active, and often spend their time exercising throughout the suburb. A particularly popular walk is the Waverley Cliff walk.
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As a wealthy suburb, almost all young people are sent to extremely prestigious schools throughout the Eastern Suburbs or nearby Jewish Schools.
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Residents also enjoy shopping locally in nearby Rose Bay or Paddington and sometimes go to Bondi Junction or the CBD.
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Employment alike to most of the East is within professional services, management or business ownership.
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Vaucluse is a suburb of many long term residents, particularly in the desired pockets overlooking the harbour. Growth is high at above 9%, though due to extremely high prices yield is often between 1.5-2%. Vacancy rates usually sit between 0.5-1.5%.
Vaucluse is often known as one of the most expensive suburbs to lease in Australia.
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Vaucluse is a known suburb not to only domestic Australians, but also Internationals. Many suburb records here have been broken by wealthy migrants, meaning prospective buyers need to have their strategy in check. For this reason, having a Buyers Agent in Vaucluse is critical to your success.
WATSONS BAY, NSW 2030 SUBURB PROFILE
Most famous for Hornby Lighthouse & Watsons Bay Boutique Hotel, Watsons Bay is one of Sydney's most well known and beautiful suburbs.
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Watsons Bay is a fantastic lifestyle location and blessed with beautiful scenery. The Sydney Harbour National Park has fantastic walks, views of the harbour and beaches. Lady Bay Beach is a world famous nude beach that is within the South Head Hornby Lighthouse Walk.
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Most residents shop at Rose Bay, though sometimes in the CBD or Bondi.
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Residents alike to Vaucluse work within professional services and business ownership. Legal and Finance workers are particularly common within Watsons Bay.
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There is a mix of both older residents and younger families in Watsons Bay, and there is a presence of some dwellings that have been maintained for over 100 years, which add a very local feel to the suburb.
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Most Watsons Bay residents use private transport though there is a main stop near the small set of shops near Robertson Park.
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Capital growth in Watsons Bay is often above 9%, and yields are quite good for the east often sitting between 1.8-2.5%. Vacancy rates are low also, due to very limited supply, often between 1-1.5%.
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Having a Buyers Agent in Watsons Bay may potentially save a prospective buyer millions. Competition is fierce and it is not uncommon to see properties sell well beyond $1.5 million above reserve price.
WOOLLAHRA, NSW 2025 SUBURB PROFILE
Woollahra is a suburb famous for its village like shopping culture, tree lined streets and quiet neighbourhoods.
Woollahra is a suburb set close to many facilities. It neighbours Paddington, Bondi Junction, Edgecliff & Bellevue Hill.
Restaurateurs, shoppers and sports lovers are well at home in Woollahra; it is right next to Sydney Football Stadium, Sydney Cricket Ground and the Entertainment Quarter. It is also next to Oxford Street and Bondi Junction and also has a wide array of boutique style restaurants and stores within itself and Paddington.
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Many residents of Woollahra are professional workers, though families do live within the larger dwellings towards Bellevue Hill.
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Legal, Finance & IT are the most common professional sectors of employment in Woollahra and many residents occupy high executive positions in these fields.
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Capital growth generally sits between 8-10% in Woollahra, though is largely dependent on the dwelling. Detached dwellings perform better than attached dwellings, though are significantly more expensive.
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Yields sit between 1.5-3% and vacancy rates between 1-2.5% though this largely depends on the dwelling and location.
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Location and product is the most important component of purchasing, hence having an expert Buyers Agent in Woollahra is critical to your success.
