True Cost of Buying in Collaroy

Market Intelligence

Collaroy, a picturesque suburb in New South Wales, offers a unique blend of lifestyle, market position, and investment outlook. With a median house price of $2,450,000 and a median unit price of $1,050,000, Collaroy is an affluent area that attracts high-income earners, with a median income of $95,000. The suburb's population of 4,200 residents enjoys a relatively high walkability score of 75.0, indicating easy access to local amenities and services. The schools rating of 8.0 and safety rating of 8.0 further enhance the appeal of Collaroy as a desirable place to live. From an investment perspective, Collaroy's distance to the CBD of 22.0 km may be a consideration, but the suburb's investment score of 78.0 and growth potential of 82.0 suggest a strong outlook for property values. The rental yield for houses is 2.8%, and the vacancy rate is a low 1.8%, indicating a competitive rental market. Overall, Collaroy presents an attractive opportunity for investors and homeowners seeking a high-quality lifestyle in a desirable location.