Point Piper NSW 2027: Property Market Report & Real Estate Insights

Part of Woollahra, NSW

Point Piper Real Estate Market Outlook

Thinking about buying in Point Piper? Now could not be a better time, with 1176 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $12,821,000 with prices in this suburb ranging from $27,000 to $130,585,000. Point Piper 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 Point Piper

Consistent high demand relative to supply is a key feature in Point Piper driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Point Piper 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 Point Piper 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 Point Piper 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

Almost completely surrounded by the aqua-blue waters of Sydney harbour, Point Piper is a stunning, affluent suburb just 6 kilometers from Sydney's heart. A haven of stunning architecture framed by breathtaking sea views, Point Piper is home to many of Australia's highest-valued properties, and by extension many of Sydney's most elite and successful residents. Named for captain John Piper, who first built a mansion on the land; While this mansion was eventually torn down, many of the most exclusive residences still standing have histories almost as long and storied. despite being an exceptionally small suburb with just 11 streets, the largest and most famous of which is Wolseley Road, Point Piper still has a population of nearly 1500 due to the high density of residential properties on the peninsula.

Point Piper's extroadinary affluence is the result of a perfect storm of many factors. The suburb is an oasis surrounded by stunning sea views on all sides but one, where it is bordered by other prosperous, wealthy suburbs which provide amenities and services Point Piper is not large enough to provide for itself, including shopping districts and schools. It is less than 10 minutes by car from the very centre of Sydney, and home to a number of exclusive clubs and beautiful beaches; There is also a bus that runs from nearby into the city centre. All things considered, it comes as no suprise that Point Piper has the hioghest median property price in all of Australia; Owning property there offers not just jaw-dropping scenery and a sense of success, but a relaxed life just a stone's throw from the excitement of central Sydney.

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