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Dee Why suburb profile

Dee Why is a vibrant coastal suburb located in Sydney's Northern Beaches, known for its stunning beachfront and relaxed lifestyle. The suburb offers a mix of modern apartments and traditional homes, catering to a diverse community of families, professionals, and retirees. Dee Why Beach is a focal point, featuring a bustling promenade with cafes, restaurants, and surf clubs, making it a popular spot for both locals and visitors. The suburb boasts excellent public transport links to Sydney CBD and nearby areas, along with a range of recreational facilities and parks. Its coastal charm and community spirit make Dee Why a desirable place to live and visit.

Dee Why property market performance

Dee Why’s property market has experienced notable growth over the past 12 months, with house values increasing by 11.4% and unit values rising by 7.9%. The median house price over the past three months has averaged $2.60 million, while units have averaged $985,500, indicating strong demand in the area.

Sales activity has been robust, particularly in the unit market, with 100 units sold compared to just 12 houses in the past three months. Units are selling faster, with a median of 23 days on the market, while houses are taking longer at 50 days, suggesting a higher demand for units.

The rental market in Dee Why has shown a divergence, with unit rents increasing by 10.3% over the last 12 months, while house rents have remained stable. This indicates a growing preference for rental units in the suburb.

Median price - houses$2.60MPast 3 months

Median price - units$986KPast 3 months

Change in value - houses11.4%12 months

Change in value - units7.9%12 months

Houses sold12Past 3 months

Units sold100Past 3 months

Median DOM - houses49.5Past 12 months

Median DOM - units23Past 12 months

Average rent - houses$750Past 12 months

Average rent - units$750Past 12 months

Change in rent - houses-4.5%Past 12 months

Change in rent - units10.3%Past 12 months

Dee Why demographics

Dee Why, located on Sydney's Northern Beaches, is a vibrant suburb known for its stunning coastal views and relaxed beachside lifestyle. With a population of 23,354, Dee Why offers a blend of urban convenience and natural beauty, making it a popular choice for families, professionals, and retirees alike. The median age of 36 reflects a balanced demographic, with many residents enjoying the suburb's family-friendly environment and proximity to the beach.

The suburb's housing market is diverse, with 48.5% of properties being rented, appealing to those seeking flexibility and a coastal lifestyle. Meanwhile, 21.5% of homes are owned outright, and 30% are owned with a mortgage, indicating a stable community with a mix of long-term residents and new homeowners. Dee Why's family-oriented atmosphere is evident, with 39% of households being couple families with children and 44.1% being couple families without children, highlighting its appeal to both young families and couples.

Dee Why's local amenities, including cafes, restaurants, and shopping centers, complement its natural attractions, such as Dee Why Beach and the scenic coastal walks. The suburb's median total household income of $2,106 per week suggests a comfortable standard of living, supported by a range of employment opportunities in the area. Overall, Dee Why offers a unique blend of coastal charm and urban convenience, making it a sought-after destination for those looking to enjoy the best of both worlds.

Dee Why infrastructure, key developments and investment opportunities

Dee Why is experiencing significant development as the administrative center of the Northern Beaches Council, with ongoing revitalization efforts enhancing its appeal to property buyers. The suburb benefits from its coastal location and proximity to the Dee Why Lagoon Reserve, a 77-hectare conservation area that adds environmental value to nearby properties. Recent demographic trends show a growing population, with an 8.5% increase reported in census data, indicating sustained demand for housing in this northern Sydney suburb.

The property market in Dee Why remains robust with median house prices reaching $2,880,000 and showing annual capital growth of 2.86%. As a primarily high-density residential area with over 60% of dwellings being apartments, Dee Why offers diverse housing options while maintaining its beach lifestyle appeal. The suburb's strong public transport connections, recreational facilities, and proximity to schools continue to attract professionals, families, and retirees, supporting its reputation as an "affordable gem of Northern Beaches" despite its high property values.

Dee Why rental market trends

The rental market in Dee Why has shown stability in house rents, remaining unchanged at $750 per week over the past year. In contrast, unit rents have experienced a notable increase of 10.3%, also reaching $750 per week. This growth in unit rents highlights the suburb's appeal, driven by its coastal lifestyle and ongoing development, making it an attractive option for renters and investors alike.

Suburbs near Dee Why

Some popular suburbs near Dee Why include:

Common questions about Dee Why

  • Is Dee Why a nice place to live?

    Dee Why is a delightful coastal suburb that offers a wonderful blend of beachside charm and urban convenience, making it a fantastic place to call home. Known for its stunning beachfront, Dee Why provides residents with a relaxed lifestyle that is hard to match. The suburb is a haven for families, offering a variety of housing options from modern apartments to traditional homes, all set against the backdrop of the beautiful Northern Beaches. The vibrant community spirit is palpable, with locals enjoying the bustling promenade lined with cafes, restaurants, and surf clubs, creating a lively yet laid-back atmosphere.

    Living in Dee Why means having easy access to a range of amenities and recreational facilities. The suburb is well-connected with excellent public transport links to Sydney CBD and surrounding areas, making commuting a breeze. For families, there are good schools and plenty of parks and green spaces to enjoy outdoor activities. Safety is generally not a major concern, contributing to the suburb's family-friendly appeal. However, the popularity of the area does come with some trade-offs, such as higher property prices and a bustling environment, especially during peak tourist seasons.

    While Dee Why may not offer the nightlife of inner-city suburbs, its coastal charm and community-focused vibe more than make up for it. The suburb is ideal for those who appreciate a balanced lifestyle, with the beach just a stone's throw away and a strong sense of community. Whether you're a young family looking for a safe and vibrant place to raise children, a professional seeking a coastal retreat, or a retiree wanting to enjoy the best of beachside living, Dee Why is a truly appealing choice.

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  • Is it expensive to live in Dee Why?

    Living in Dee Why can be quite expensive, especially when you consider the current property market. The median house price is a hefty $2,602,500, while units are priced at a median of $985,500. Renting isn't exactly cheap either, with both houses and units averaging $750 per week. This places a significant financial burden on residents, particularly those earning the average Sydney wage of around $65,000 per year.

    When you compare this to the median total household income in Dee Why, which is $2,106 per week, it's clear that a substantial portion of income would go towards housing costs. This makes it challenging for individuals or families with average earnings to comfortably afford living in this suburb. While Dee Why offers a beautiful coastal lifestyle with its stunning beaches and vibrant community, the cost of living, particularly in terms of housing, is on the higher side. If you're thinking of living in Dee Why, it's essential to evaluate your financial situation to ensure it aligns with the expenses associated with this desirable location.

    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 Dee Why a good place to invest?

    Dee Why is showing promising signs as a solid investment suburb, particularly for those interested in the unit market. Over the past 12 months, the median house value in Dee Why has increased by 11.4%, indicating strong demand and potential for capital growth. While the rental market for houses has remained stable with no change, the unit market has seen a significant 10.3% increase in rent, suggesting a growing demand for rental properties in this category.

    The suburb's appeal is further highlighted by the 7.9% rise in median unit values, which, coupled with the rental growth, makes units an attractive option for investors seeking both capital appreciation and rental income. Dee Why's coastal lifestyle, combined with its proximity to Sydney's CBD, enhances its desirability for both renters and buyers, ensuring a steady demand for properties.

    Overall, Dee Why offers a balanced investment opportunity with strong growth in property values and a robust rental market, particularly for units. This makes it a compelling choice for investors looking to capitalize on both short-term rental yields and long-term capital gains.

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