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

The median apartment in Neutral Bay is $1,050,000. Including stamp duty ($41,780), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $76,208, or $6,351/month.

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

The median house in Neutral Bay is $3,600,000. True first-year cost including stamp duty ($252,000), rates, insurance, maintenance, and mortgage repayments is approximately $241,548.

What is the vacancy rate in Neutral Bay?

Neutral Bay currently has a vacancy rate of 1.5%. Properties average 28 days on market.

buyer.chat

True Cost of Buying in Neutral Bay

2089 NSW

Stable

Market Intelligence

Neutral Bay is a prestigious harbourside suburb located 5km north of Sydney's CBD, positioned on the lower North Shore with stunning harbour views and a sophisticated urban village atmosphere. This highly sought-after location combines waterfront luxury with excellent connectivity via the Neutral Bay ferry wharf and bus networks. The suburb features a diverse mix of Art Deco apartments, modern high-rises, and heritage homes, attracting affluent professionals and families seeking premium lifestyle amenities. With median house prices of $3.6 million, Neutral Bay represents the upper echelon of Sydney's property market, offering exclusive harbour access, boutique shopping along Military Road, and proximity to world-class dining and entertainment. The area's low vacancy rate of 1.5% reflects strong rental demand, while the 2.4% rental yield is typical for premium harbour locations where capital growth traditionally outweighs immediate returns. Neutral Bay's enduring appeal stems from its unique combination of harbour frontage, established infrastructure, heritage character, and strategic location between the CBD and North Shore business districts.

Prime harbourside location with direct ferry access to Circular QuayPrestigious North Shore address with strong capital growth historyExcellent transport connectivity including ferry, bus, and proximity to major arterialsVibrant local shopping and dining precinct along Military RoadLow vacancy rate indicating strong rental demand

Market Snapshot

Median House

$3.6M

+6.4% 1yr

Median Apartment

$1.1M

+4.7% 1yr

Median Townhouse

—

Vacancy Rate

1.5%

28 avg DOM

Yield (Apartment)

3.8%

Yield (House)

2.4%

Auction Clearance

75%

Population

8,500

True Cost Breakdown

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

Apartment

$6,351/mo

Purchase Price

$1,050,000

Stamp Duty

$41,780

1st Year Total

$76,208

House

$20,129/mo

Purchase Price

$3,600,000

Stamp Duty

$252,000

1st Year Total

$241,548

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.

Open Calculator

Community Profile

Median Income

$95,000

Median Age

Walkability

90/100

Public Transport

92/10

Need finance guidance for Neutral Bay?

Local Knowledge Finance — brokers who know this market.

+61 2 8338 8900 Learn more

Find a professional in Neutral Bay

Demand-matched agents who know this suburb best.

Browse Professionals

Browse all suburb true-cost analyses →