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Collaroy suburb profile

Collaroy is a picturesque coastal suburb located on Sydney's Northern Beaches, approximately 22km north-east of the CBD. Known for its stunning beach, Collaroy offers a relaxed seaside lifestyle with a strong sense of community. The suburb is popular among families, surfers, and professionals seeking a balance between city access and beachside living. Collaroy boasts a range of amenities, including cafes, restaurants, and shops, as well as excellent public transport links to the city. Its natural beauty, combined with a laid-back atmosphere and vibrant local culture, makes Collaroy a sought-after destination for residents and visitors alike.

Collaroy property market performance

Current median dwelling price$2,562,500Past 3 months

Property growth+3.6%Past 12 months

Collaroy’s property market has shown positive growth over the past 12 months, with house values increasing by 4.2% and unit values rising by 3.1%. The median house price has reached $3.78 million, while the median unit price stands at $1.35 million, indicating sustained demand in the area.

Sales activity has been moderate, with 19 houses and 36 units sold in the past three months. However, houses are taking longer to sell, with a median of 77 days on the market, compared to 32 days for units, suggesting stronger demand for units.

The rental market in Collaroy has seen notable changes, with house rents increasing by 5.9% and unit rents surging by 10.4% over the last 12 months, reflecting a robust demand for rental properties, particularly units.

HousesUnits
Median price
Past 3 months
$3.77M$1.35M
Change in value
Past 12 months
4.2%3.1%
Sold
Past 3 months
1936
Median days on market
Past 12 months
7732
Average rent
Past 12 months
$1800$828
Change in rent
Past 12 months
5.9%10.4%

5 year median price trend for houses and units

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Collaroy demographics

Collaroy, nestled on Sydney's Northern Beaches, is a picturesque suburb known for its stunning coastline and relaxed lifestyle. With a population of 7,944, it offers a serene escape from the hustle and bustle of city life while still being within reach of Sydney's amenities. The median age of 43 suggests a mature community, with many families and long-term residents enjoying the area's natural beauty and family-friendly environment.

The suburb's housing landscape is characterized by a high rate of home ownership, with 37.8% of properties owned outright and 31.5% owned with a mortgage. This reflects a stable community with a significant number of residents who have settled in for the long term. Rental properties make up 30.7% of the housing market, providing options for those seeking flexibility or a taste of the coastal lifestyle without the commitment of ownership.

Family life is a central aspect of Collaroy, with couple families with children and those without each making up 42.3% of the family demographic. This balance highlights the suburb's appeal to both growing families and those whose children have moved out. The presence of one-parent families at 13.5% and other family types at 1.9% adds to the diversity of the community. With its beautiful beaches, parks, and a strong sense of community, Collaroy is an attractive destination for those seeking a harmonious blend of natural beauty and suburban comfort.

Collaroy infrastructure, key developments and investment opportunities

Collaroy has not seen major new residential or commercial redevelopments in the past year; the suburb retains its established character with ongoing maintenance of local amenities. Local schools and facilities remain stable, and there are no significant upgrades or new education projects reported at this time.

Public transport services and road infrastructure remain consistent, providing steady access to the Sydney CBD and nearby centres. The suburb continues to benefit from its proximity to Collaroy Beach, recreational parks, and the Long Reef Golf Club, supporting strong local desirability and consistent buyer demand. There are no substantial council planning changes or infrastructure initiatives currently underway that would be expected to significantly impact the property market in Collaroy in the near future.

Collaroy rental market trends

The rental market in Collaroy has experienced moderate growth, with house rents increasing by 5.9% over the past year to $1,800 per week, while unit rents have seen a more significant rise of 10.4% to $828 per week. This coastal suburb continues to attract renters and investors alike, offering a desirable lifestyle with its stunning beaches and vibrant community.

Suburbs near Collaroy

Some popular suburbs near Collaroy include:

How does Collaroy compare to nearby suburbs?

  • Median house prices: Collaroy’s median house price is 30.2% higher than Collaroy Plateau’s.
  • Median unit prices: Collaroy’s median unit price is 8.9% higher than Narrabeen’s.
  • House price growth: Over the past 12 months, house prices in Collaroy have grown 2.1% higher than in Collaroy Plateau.
  • Unit price growth: Over the past 12 months, unit prices in Collaroy have grown 9.4% higher than in Narrabeen.
  • Selling speed for houses: Properties in nearby Collaroy Plateau are selling 44.2% faster than in Collaroy.
  • Selling speed for units: Properties in Collaroy are selling 20.0% faster than in Narrabeen.
  • Investment considerations: In Collaroy, the rental yield for house is 102.7% higher than the Sydney average, while the rental yield for units is 8.1% higher.
  • House price growth: Over the past 12 months, house prices in Collaroy have grown 97.3% higher than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Collaroy have grown 34.9% higher than the average rate of growth for units across Sydney.

Common questions about Collaroy

  • Is Collaroy a nice place to live?

    Collaroy is a delightful suburb that offers a serene and picturesque coastal lifestyle, making it a wonderful place to call home. With its charming beachside atmosphere, Collaroy is perfect for those who appreciate the beauty of nature and the calming influence of the ocean. The suburb exudes a relaxed vibe, attracting a diverse mix of families, professionals, and retirees who enjoy the balance of peaceful living with convenient access to Sydney's amenities. The local culture is vibrant yet laid-back, with a strong sense of community that makes newcomers feel welcome.

    Families will find Collaroy particularly appealing due to its family-friendly environment and excellent local amenities. The suburb is well-equipped with cafes, restaurants, and shops, providing plenty of options for dining and leisure. While Collaroy may not have the bustling nightlife of inner-city areas, it compensates with its stunning natural surroundings, including beautiful beaches and parks that offer ample opportunities for outdoor activities and relaxation. Safety is generally not a concern, contributing to the suburb's appeal as a secure and peaceful place to raise a family.

    However, living in Collaroy does come with some trade-offs. The suburb's popularity and desirable location mean that property prices can be higher compared to other areas, which might be a consideration for those on a budget. Additionally, while public transport links to the city are reliable, the commute to the CBD can be time-consuming during peak hours. Despite these trade-offs, Collaroy remains a sought-after destination for those who value a harmonious blend of coastal beauty and suburban comfort, making it a truly nice place to live.

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  • Is it expensive to live in Collaroy?

    Living in Collaroy can be quite expensive, especially when considering the local property market and rental prices. With the median unit price sitting at $1,150,000, purchasing property in Collaroy requires a significant financial commitment. Renting is also on the higher end, with houses averaging $1,800 per week and units around $798 per week. These figures suggest that housing costs in Collaroy are substantial.

    When comparing the average wage in Collaroy, which is $83,000 per year, to the cost of living, it becomes clear that a considerable portion of income would need to be allocated towards housing expenses. This average wage aligns with the general Sydney average, indicating that while earnings are relatively standard for the area, the high property and rental prices in Collaroy could pose a challenge for those earning this amount.

    Overall, Collaroy offers a beautiful beachside lifestyle, but the financial demands of living there are significant. If you are thinking of living in Collaroy, it's important to carefully evaluate your budget and financial situation to ensure it can accommodate the costs associated with this desirable suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Collaroy a good place to invest?

    Collaroy is shaping up to be an intriguing investment opportunity, especially for those interested in rental income. Over the past year, the suburb has experienced a modest increase in median house values by 1.0% and a more notable rise in unit values by 2.7%. While these figures suggest steady growth, the real standout is the rental market. Rent for houses has skyrocketed by an impressive 30.4%, and units have seen a 10.8% increase. This surge in rental prices indicates a strong demand for rental properties, making Collaroy an attractive option for investors seeking reliable rental returns.

    Beyond the numbers, Collaroy offers a desirable lifestyle that appeals to both renters and buyers. Its coastal charm, coupled with proximity to beaches and local amenities, enhances its appeal. The suburb's family-friendly environment and community vibe make it a sought-after location for long-term residents. While capital growth may be moderate, the potential for high rental yields positions Collaroy as a promising choice for investors looking to capitalize on the rental market. Overall, Collaroy presents a balanced investment opportunity with the potential for steady growth and strong rental income.

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Choose the right real estate agents in Collaroy

There are 69 real estate agents working in Collaroy, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 32.5% of all sales in the past year.

Commission rates in Collaroy typically range from 1.88% to 2.46%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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