Thinking about buying in Pittwater? Now could not be a better time, with just 6 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $3,572,000 with prices in this suburb ranging from $3,266,000 to $3,633,000. Pittwater 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
Median Weekly Rent | $877.82 |
Median Monthly Mortgage | $3380.64 |
Median Persons Per Bedroom | 0.75 |
Average Household Size | 2.91 |
Average Age | 50.32 |
Average Income | $1178.18 |
Average Cars Per Dwelling | 2.26 |
Average Properties Within 50M | 6 |
Consistent high demand relative to supply is a key feature in Pittwater driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Pittwater are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Pittwater provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Pittwater we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Pittwater a better buying opportunity than it may have been in the past.
Newport Public School
Pittwater High School
Bilgola Plateau Public School
Barrenjoey High School
Barrenjoey Montessori School
Sacred Heart Catholic Primary School
Maria Regina Catholic Primary School
Mona Vale Public School
Avalon Public School
(While the above schools are located with the suburb of Pittwater there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.5 | 20.3 | 27.6 | 52.4 | 85.5 | 0 | 23.2 |
Feb | 4.3 | 20.1 | 27.0 | 54.2 | 86.5 | 0 | 19.6 |
Mar | 6.5 | 18.9 | 25.9 | 54.5 | 87.3 | 0 | 15.9 |
Apr | 5.9 | 15.3 | 23.5 | 51.4 | 89.0 | 0 | 13.9 |
May | 2.6 | 12.3 | 21.2 | 47.5 | 84.4 | 0 | 11.4 |
Jun | 4.6 | 10.3 | 18.5 | 50.3 | 85.4 | 0 | 9.1 |
Jul | 2.6 | 9.0 | 18.2 | 43.7 | 82.1 | 0 | 10.4 |
Aug | 2.6 | 9.7 | 19.7 | 39.4 | 80.2 | 0 | 13.1 |
Sept | 1.4 | 12.5 | 22.4 | 37.0 | 80.2 | 0 | 17.8 |
Oct | 2.2 | 15.0 | 23.7 | 42.7 | 82.8 | 0 | 21.1 |
Nov | 3.4 | 17.1 | 25.3 | 49.2 | 85.2 | 0 | 23.4 |
Dec | 2.1 | 18.7 | 26.4 | 49.2 | 84.8 | 0 | 24.4 |
source: Australian Government Bureau of Meteorology
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