What is the true cost of buying an apartment in Ramsgate?

The median apartment in Ramsgate is $780,000. Including stamp duty ($29,630), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $59,828, or $4,986/month.

What does it really cost to buy a house in Ramsgate?

The median house in Ramsgate 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 Ramsgate?

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

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True Cost of Buying in Ramsgate

2217 NSW · 18km to CBD

Stable

A decision, not just a search · Ramsgate

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

Ramsgate, NSW 2217 is a well-established beachside suburb in Sydney's St George region, offering an enviable coastal lifestyle just 15 minutes from Sydney Airport. This family-friendly community boasts direct access to Botany Bay beaches, creating a relaxed seaside atmosphere while maintaining excellent connectivity to the CBD. The suburb features a diverse multicultural population with strong Greek and Lebanese communities, contributing to a vibrant local culture and dining scene. Housing stock consists primarily of older brick homes, townhouses, and select new developments, appealing to families seeking space and proximity to quality amenities. Rocky Point Road serves as the main commercial spine, offering established shopping strips and local services. The area benefits from multiple parks including Ramsgate Beach Reserve, creating excellent recreational opportunities. While lacking direct rail access, regular bus services and proximity to Kogarah and Rockdale stations provide reasonable transport options. The property market has shown consistent growth with strong demand driven by the suburb's coastal location, family appeal, and airport proximity. Recent infrastructure improvements in the broader St George area, combined with ongoing development potential, position Ramsgate as an attractive option for both owner-occupiers and investors seeking steady capital growth in a premium location.

Prime beachside location with direct Botany Bay accessStrong multicultural community with established amenitiesExcellent proximity to Sydney Airport (15-20 minutes)Family-friendly environment with quality parks and recreationEstablished shopping and dining along Rocky Point Road

Market Snapshot

Median House

$1.4M

+10.0% 1yr

Median Apartment

$780K

+8.0% 1yr

Median Townhouse

$1.1M

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

4.5%

Yield (House)

3.8%

Auction Clearance

72%

Population

4,200

True Cost Breakdown

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

Apartment

$4,986/mo

Purchase Price

$780,000

Stamp Duty

$29,630

1st Year Total

$59,828

House

$8,361/mo

Purchase Price

$1,450,000

Stamp Duty

$62,160

1st Year Total

$100,334

Townhouse

$6,657/mo

Purchase Price

$1,150,000

Stamp Duty

$46,280

1st Year Total

$79,880

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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