True Cost of Buying in Potts Point
2011 NSW · 2km to CBD
A decision, not just a search · Potts 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
Potts Point is Sydney's most densely populated suburb, positioned just 2km from the CBD in the inner east. This vibrant urban enclave attracts young professionals with its sophisticated apartment living, world-class dining scene, and unparalleled connectivity. The suburb features predominantly high-rise residential buildings and heritage Art Deco apartments, creating a cosmopolitan atmosphere. With 82% of dwellings being units, Potts Point offers premium inner-city living with median unit prices around $1.18 million. The area boasts exceptional walkability, proximity to Royal Botanic Gardens, and a thriving café culture along Macleay Street and Darlinghurst Road. The demographic profile shows a highly educated population (67% university-educated) with above-average incomes and a significant proportion of overseas-born residents. While family amenities are limited, the suburb excels as an investment location with strong rental yields and consistent capital growth driven by its prime location and lifestyle appeal.
Market Snapshot
Median House
$2.9M
+8.2% 1yr
Median Apartment
$1.2M
+6.8% 1yr
Median Townhouse
$2.2M
Vacancy Rate
1.8%
32 avg DOM
Yield (Apartment)
4.8%
Yield (House)
3.2%
Auction Clearance
78%
Population
12,800
True Cost Breakdown
Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier
Apartment
Purchase Price
$1,180,000
Stamp Duty
$47,630
1st Year Total
$84,104
House
Purchase Price
$2,850,000
Stamp Duty
$139,160
1st Year Total
$192,282
Townhouse
Purchase Price
$2,200,000
Stamp Duty
$103,410
1st Year Total
$143,588
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.
Community Profile
Median Income
$95,000
Median Age
34
Family Households
35%
Owner-Occupied
42%
Walkability
95/100
Public Transport
10/10
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