Question 1

Is Crows Nest a nice place to live?

Accepted Answer

Crows Nest is a lively lower North Shore suburb centred on its Willoughby Road village, where a compact strip of cafes, bakeries, bars and specialist shops gives the area a strong neighbourhood pulse. Housing mixes federation cottages and terraces on tree-lined streets with low-rise and medium-rise apartment buildings nearer the shops, and the suburb attracts professionals, young families and downsizers who value urban amenities with a local feel.

Public transport is well served by regular buses along Willoughby Road and the Pacific Highway and an operational Sydney Metro station. The community of 4,974 people has a median age of 36 and a median household income of $2,614 a week; couple families make up the majority and 55.0% of dwellings are rented. Recent public domain upgrades and precinct rezoning have been progressed, and a proposed redevelopment of the Holtermann Street car park remains under council consideration. Whether Crows Nest suits you will depend on if you want a compact village atmosphere with good transport and a mix of period homes and apartments.

Question 2

Is it expensive to live in Crows Nest?

Accepted Answer

Housing in Crows Nest looks mixed against what a typical local household earned at the last Census. Average house rent of $1,300 a week would take about 49.7% of that weekly household income, a large share, while unit rent of $750 a week would take about 28.7%, a moderate share. The current median unit price of $870,000 works out to about 6.4 times a typical local household's annual income at the last Census, which places buying a unit well above local incomes.

If you're renting rather than buying, the unit market looks more manageable against the local income than renting a house or buying; which option feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Crows Nest a good place to invest?

Accepted Answer

If you're weighing Crows Nest as an investment, the past year shows solid growth in values for both property types and stronger rent movement for units. House values rose 6.0% while house rents increased 4.0%, so over the year capital growth in houses outpaced rental growth. Unit values climbed 6.8% and unit rents jumped 7.1%, with unit rent growth the strongest single movement among the four figures.

Put simply, the numbers speak to capital growth when you look at values and to rental income when you look at rents. Whether that balance between price gains and rent gains suits your goals depends on your own investment priorities and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	$870K
Change in value Past 12 months	6.0%	6.8%
Sold Past 3 months	9	17
Median days on market Past 12 months	39	33
Average rent Past 12 months	$1300	$750
Change in rent Past 12 months	4.0%	7.1%

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