Question 1

Is Grays Point a nice place to live?

Accepted Answer

Grays Point is a quiet, leafy suburb on the southern foreshore of Port Hacking where bushland meets water. Streets are largely residential, with a mix of waterfront houses and modest family homes tucked among trees, and many residents favour an outdoors lifestyle centred on boating, kayaking and bushwalking. Foreshore reserves and local walking tracks provide scenic outlooks, while the Royal National Park and nearby coastal beaches are within easy reach for weekend escapes. Local shopping and services are a short drive away, with broader retail and rail connections elsewhere in the Shire.

It is a small community of 3,034 people with a median age of 44 and a typical household income of $3,061 a week (roughly $159,172 a year). Families make up the core of household types, and homes are overwhelmingly owner-occupied (45.9% owned outright and 47.6% with a mortgage, 93.5% owner-occupied in total). Recent public works have focused on the foreshore and parks, with boardwalks, interpretive signage, renewed playspaces, a boat ramp and pontoon, and council upgrades to local sports facilities either under way or planned. Whether that mix suits you comes down to what you value in a suburb.

Question 2

Is it expensive to live in Grays Point?

Accepted Answer

A median house price of $1,930,000 in Grays Point works out to about 12.1 times a typical local household's annual income at the last Census, which places buying well above what households there earned at the last Census. Renting a house at $1,150 a week would take about 37.6% of a typical local household's weekly income at the last Census, a sizeable share. On these figures, renting looks the less stretched option compared with buying; whether that feels expensive depends 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 Grays Point a good place to invest?

Accepted Answer

Over the past 12 months, houses in Grays Point saw a strong rise in median value, up 17.6%, while the rent for houses also climbed strongly, up 15.0%. The price increase was slightly larger than the rise in rents, so on the house side capital growth edged out rental income growth for the year.

Which of those figures matters most depends on your objectives: the 15.0% rise in house rents is the relevant number if rental income is your priority, while the 17.6% lift in house values is the figure to consider for capital growth. Whether that performance makes Grays Point a suitable investment depends on your own goals 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	$1.93M	N/A
Change in value Past 12 months	17.6%	N/A
Sold Past 3 months	13	N/A
Median days on market Past 12 months	42	N/A
Average rent Past 12 months	$1150	N/A
Change in rent Past 12 months	15.0%	N/A

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