What is the true cost of buying an apartment in Elizabeth Bay?

The median apartment in Elizabeth Bay is $1,450,000. Including stamp duty ($62,160), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $100,484, or $8,374/month.

What does it really cost to buy a house in Elizabeth Bay?

The median house in Elizabeth Bay is $4,200,000. True first-year cost including stamp duty ($294,000), rates, insurance, maintenance, and mortgage repayments is approximately $280,944.

What is the vacancy rate in Elizabeth Bay?

Elizabeth Bay currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Elizabeth Bay

2011 NSW · 3km to CBD

Rising

A decision, not just a search · Elizabeth Bay

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

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What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

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Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Elizabeth Bay is an exclusive harbourside suburb located just 2.5km from Sydney's CBD, renowned for having one of Australia's highest population densities. This premium inner-city enclave is dominated by high-rise Art Deco apartments and luxury residential towers, attracting young professionals, empty nesters, and investors seeking harbour proximity. With 82% apartment living and a median unit price of $1.45M, it represents Sydney's luxury apartment market at its finest. The suburb offers exceptional walkability (88/100), outstanding public transport connectivity, and immediate access to Sydney Harbour, Royal Botanic Gardens, and the CBD. Demographics reveal a sophisticated resident profile with 58% professional workers, 52% university-educated, and 48% born overseas, creating a cosmopolitan community. The high proportion of single-person households (46%) reflects the suburb's appeal to professionals and downsizers. Property market performance shows strong growth with houses appreciating 38% over 5 years and units 32%, supported by limited supply and premium location. Investment fundamentals remain robust with low vacancy (1.8%), quick sales (32 days), and strong rental yields, particularly for units (4.2%). While affordability is challenging and family amenities limited, Elizabeth Bay continues to command premium prices due to its unmatched harbour location, CBD proximity, and lifestyle offerings.

Premium harbourside location with immediate harbour access and marina facilitiesExceptional proximity to Sydney CBD (2.5km) with outstanding connectivityWorld-class walkability score (88/100) and comprehensive public transport networkStrong property market fundamentals with consistent capital growth and low vacancySophisticated demographic profile with high professional representation and education levels

Market Snapshot

Median House

$4.2M

+8.5% 1yr

Median Apartment

$1.4M

+7.2% 1yr

Median Townhouse

$2.8M

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

4.2%

Yield (House)

2.8%

Auction Clearance

78%

Population

3,200

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$8,374/mo

Purchase Price

$1,450,000

Stamp Duty

$62,160

1st Year Total

$100,484

House

$23,412/mo

Purchase Price

$4,200,000

Stamp Duty

$294,000

1st Year Total

$280,944

Townhouse

$15,000/mo

Purchase Price

$2,800,000

Stamp Duty

$136,410

1st Year Total

$179,996

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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