All About Potts Point, Sydney , NSW 2011

Potts Point Real Estate Market Outlook

Thinking about buying in Potts Point? Now could not be a better time, with 9194 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,213,000 with prices in this suburb ranging from $45,000 to $114,669,000. Potts Point 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

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

Potts Point, located just east of Sydney's Central Business District, is one of the city's most vibrant and sought-after locales, offering an eclectic mix of urban lifestyle and historic charm. The housing market in Potts Point is characterized by a diverse mix of heritage-listed apartments, modern high-rise developments, and elegant art deco buildings that exude architectural charm and sophistication. The area is renowned for its high-density living and offers a variety of residential options, from luxurious penthouses with sweeping city and harbour views to cozy, character-filled studios. The demand for property in Potts Point remains consistently high, driven by its prime location, with easy access to public transport, proximity to Sydney’s bustling CBD, and the impressive lifestyle offerings of the area. However, this popularity also translates to higher property prices and rental rates compared to many other Sydney suburbs, making it a premium but worthwhile investment destination for property buyers and renters alike.

Living in Potts Point provides residents with a dynamic and cosmopolitan lifestyle. The neighborhood is a cultural hotspot, buzzing with a myriad of cafes, bars, and restaurants that reflect a rich tapestry of international cuisines and nightlife. The area boasts an artistic flair, with a plethora of galleries, theaters, and boutique stores that cater to diverse tastes and interests. Despite its urban setup, Potts Point does not lack green spaces; the iconic Royal Botanic Gardens and the picturesque harborside parks are just a short walk away, providing serene escapes from the city's hustle. The community is vibrant, with a mix of long-term residents, young professionals, and creatives, which creates a lively and inclusive atmosphere. Living here means enjoying the perfect blend of Sydney’s natural beauty with its cultural vibrancy, offering a unique urban experience that's both engaging and enriching.

---

---

---

---

}

---

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!