What is the true cost of buying an apartment in McMahons Point?

The median apartment in McMahons Point is $1,850,000. Including stamp duty ($84,160), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $124,760, or $10,397/month.

What does it really cost to buy a house in McMahons Point?

The median house in McMahons Point 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 McMahons Point?

McMahons Point currently has a vacancy rate of 1.2%. Properties average 28 days on market.

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True Cost of Buying in McMahons Point

2060 NSW · 3km to CBD

Stable

Market Intelligence

McMahons Point is an exclusive harbourside suburb on Sydney's Lower North Shore, renowned for its premium location and stunning harbour views. This small, densely populated enclave primarily consists of high-end apartments and heritage homes, attracting affluent professionals and empty nesters who value proximity to the CBD and exceptional transport links. The suburb is served by its own ferry wharf with direct services to Circular Quay, while North Sydney train station is within walking distance. Blues Point Reserve provides recreational space and panoramic harbour views, making it a highly sought-after destination. The property market is dominated by apartments with premium pricing reflecting the prestigious location. Limited local amenities mean residents often travel to nearby North Sydney or Kirribilli for shopping and services, though the area boasts a strong café culture along Blues Point Road. The community is characterized by higher-income households, with a significant proportion of overseas-born residents from English-speaking countries.

Prime harbourside location with spectacular Sydney Harbour viewsExcellent transport connectivity via ferry and proximity to North Sydney stationWalking distance to Sydney Harbour Bridge and Circular QuayHigh-quality housing stock with heritage character and modern apartmentsStrong capital growth potential due to limited supply and premium location

Market Snapshot

Median House

$4.2M

+8.5% 1yr

Median Apartment

$1.9M

+6.8% 1yr

Median Townhouse

—

Vacancy Rate

1.2%

28 avg DOM

Yield (Apartment)

3.5%

Yield (House)

2.8%

Auction Clearance

78%

Population

2,800

True Cost Breakdown

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

Apartment

$10,397/mo

Purchase Price

$1,850,000

Stamp Duty

$84,160

1st Year Total

$124,760

House

$23,412/mo

Purchase Price

$4,200,000

Stamp Duty

$294,000

1st Year Total

$280,944

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