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

The median apartment in Point Piper is $3,800,000. Including stamp duty ($266,000), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $243,080, or $20,257/month.

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

The median house in Point Piper is $12,500,000. True first-year cost including stamp duty ($875,000), rates, insurance, maintenance, and mortgage repayments is approximately $826,084.

What is the vacancy rate in Point Piper?

Point Piper currently has a vacancy rate of 1.2%. Properties average 85 days on market.

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True Cost of Buying in Point Piper

2027 NSW · 4km to CBD

Stable

A decision, not just a search · Point Piper

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

Point Piper stands as Australia's most exclusive harbourside suburb, consistently ranking among the nation's most expensive residential areas with median house prices exceeding $10 million. This prestigious peninsula suburb in Sydney's Eastern Suburbs is home to approximately 1,400 affluent residents living in luxury waterfront properties with breathtaking harbour views. The community is characterized by its ultra-high net worth demographic, including business leaders, celebrities, and international investors who value privacy and exclusivity. With limited housing stock comprising predominantly grand mansions and heritage estates on large waterfront blocks, Point Piper offers unparalleled prestige and lifestyle amenities. The suburb benefits from proximity to Double Bay's premium shopping and dining precinct, excellent private school access, and world-class marina facilities. While public transport options are limited, residents typically rely on private vehicles and water transport. The area maintains strict heritage and zoning controls that preserve its exclusive character while limiting development opportunities. Point Piper represents the pinnacle of Australian luxury real estate, offering exceptional long-term capital growth potential despite premium entry prices and lower rental yields typical of ultra-prestige markets.

Australia's most prestigious harbourside location with unmatched water viewsConsistently strong long-term capital growth and blue-chip investment statusUltra-exclusive community with privacy and securityPrime location near premium Eastern Suburbs amenities and private schoolsLimited housing supply maintaining scarcity value

Market Snapshot

Median House

$12.5M

+8.2% 1yr

Median Apartment

$3.8M

+6.5% 1yr

Median Townhouse

—

Vacancy Rate

1.2%

85 avg DOM

Yield (Apartment)

3.2%

Yield (House)

2.1%

Auction Clearance

78%

Population

1,400

True Cost Breakdown

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

Apartment

$20,257/mo

Purchase Price

$3,800,000

Stamp Duty

$266,000

1st Year Total

$243,080

House

$68,840/mo

Purchase Price

$12,500,000

Stamp Duty

$875,000

1st Year Total

$826,084

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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