Get a property report and suburb profile for any property in Gymea Bay

Gymea Bay sits on the northern shore of the Port Hacking estuary and has a sheltered foreshore with jetties and small boat ramps. The suburb feels residential and relaxed, with tree-lined streets, pockets of bushland and a mix of older weatherboard cottages and larger waterfront houses. Life there often centres on boating, kayaking and foreshore walks, so outdoor activity is a regular part of local life.

Families are prominent in Gymea Bay and the community skews towards owner-occupation, with about 92.7% of homes owned and a median age of 42. Everyday shops and the train line at nearby Gymea, plus larger retail centres at Miranda, are within a short drive, and an access upgrade to the Baths Reserve is currently underway. Whether this quieter, waterside way of life suits you will come down to what you value in a suburb.

Buying sits well above local incomes in Gymea Bay. At a median house price of $2,160,000, a house works out to about 13.6 times a typical local annual household income at the last Census, which places buying well above what people locally earned then.

Renting a house would also take a large share of local income: $1,300 a week is about 42.7% of a typical local household's weekly income at the last Census. If you are renting rather than buying, that rent share is the figure that matters, and whether it 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.

The standout this year is rent growth: house rents in Gymea Bay jumped 13.0% over the past 12 months, while house values rose a solid 7.6%. Rental income has therefore increased faster than the price of houses during the year, and that relationship is the clearest signal the numbers show.

If you're weighing Gymea Bay up as an investment, remember the value change points to capital growth over the year and the rent change points to rental income. Which of those matters more 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.