What is the true cost of buying an apartment in Lavender Bay?

The median apartment in Lavender Bay is $1,850,000. Including stamp duty ($84,160), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $124,760, or $10,397/month.

What does it really cost to buy a house in Lavender Bay?

The median house in Lavender Bay is $4,200,000. True first-year cost including stamp duty ($294,000), rates, insurance, maintenance, and mortgage repayments is approximately $280,944.

What is the vacancy rate in Lavender Bay?

Lavender Bay currently has a vacancy rate of 1.2%. Properties average 28 days on market.

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True Cost of Buying in Lavender Bay

2060 NSW · 3km to CBD

Stable

Market Intelligence

Lavender Bay is one of Sydney's most prestigious harbourside suburbs, located on the Lower North Shore with stunning harbour views and premium waterfront properties. This small, exclusive enclave is dominated by luxury apartments and penthouses, attracting high-income professionals and executives who value proximity to both Sydney CBD and North Sydney. The suburb offers exceptional lifestyle amenities including Lavender Bay Park, direct harbour access, and world-class transport connectivity via Milsons Point Station. Limited housing stock creates significant scarcity value, driving premium property prices and strong capital growth. The community enjoys an enviable position with Luna Park nearby, harbour foreshore walking paths, and easy access to North Sydney's commercial and entertainment precincts. While rental yields are typically lower due to high purchase prices, the suburb's blue-chip location and harbour frontage ensure continued investment appeal and capital appreciation potential.

Prime harbour frontage location with stunning water viewsExcellent transport connectivity via train and ferry servicesProximity to both Sydney CBD and North Sydney business districtExclusive, low-density residential character with premium propertiesHigh-quality amenities including harbour parks and foreshore access

Market Snapshot

Median House

$4.2M

+8.5% 1yr

Median Apartment

$1.9M

+7.2% 1yr

Median Townhouse

—

Vacancy Rate

1.2%

28 avg DOM

Yield (Apartment)

3.1%

Yield (House)

2.3%

Auction Clearance

78%

Population

450

True Cost Breakdown

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

Apartment

$10,397/mo

Purchase Price

$1,850,000

Stamp Duty

$84,160

1st Year Total

$124,760

House

$23,412/mo

Purchase Price

$4,200,000

Stamp Duty

$294,000

1st Year Total

$280,944

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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