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

The median apartment in Picnic Point is $750,000. Including stamp duty ($28,280), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $58,004, or $4,834/month.

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

The median house in Picnic Point is $1,450,000. True first-year cost including stamp duty ($62,160), rates, insurance, maintenance, and mortgage repayments is approximately $100,334.

What is the vacancy rate in Picnic Point?

Picnic Point currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Picnic Point

2213 NSW · 23km to CBD

Stable

A decision, not just a search · Picnic Point

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

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
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

Picnic Point is a premium riverside suburb located 23km south-west of Sydney CBD, positioned along the picturesque Georges River. This established family-oriented community is characterized by waterfront properties that command significant premiums, creating an exclusive residential enclave with limited housing stock. The suburb attracts predominantly families and established residents, with a multicultural demographic featuring higher than average overseas-born residents from European and Asian backgrounds. While the area offers excellent recreational amenities including direct river access, bowling club facilities, and proximity to Salt Pan Creek Reserve, it faces challenges with limited public transport connectivity, requiring residents to travel 5-8km to reach Panania or Revesby train stations. The local community maintains a strong focus through active residents associations, with educational needs served by Picnic Point Public School. Property values remain resilient due to the suburb's geographic constraints and riverside location, though the car-dependent nature and distance from major transport hubs may limit broader appeal. The area represents a mature, stable market with steady demand for family homes and significant potential for waterfront property appreciation.

Premium riverside location with direct Georges River frontageStrong community spirit with active residents associationExcellent recreational facilities and water activities accessLimited housing stock creating exclusivity and value retentionEstablished family-friendly environment with quality schooling

Market Snapshot

Median House

$1.4M

+8.2% 1yr

Median Apartment

$750K

+6.8% 1yr

Median Townhouse

$980K

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

4.8%

Yield (House)

3.2%

Auction Clearance

72%

Population

2,850

True Cost Breakdown

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

Apartment

$4,834/mo

Purchase Price

$750,000

Stamp Duty

$28,280

1st Year Total

$58,004

House

$8,361/mo

Purchase Price

$1,450,000

Stamp Duty

$62,160

1st Year Total

$100,334

Townhouse

$5,797/mo

Purchase Price

$980,000

Stamp Duty

$38,630

1st Year Total

$69,560

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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