Question 1

Is Kirribilli a nice place to live?

Accepted Answer

Kirribilli sits on Sydney’s Lower North Shore beside the harbour under the northern approaches to the Harbour Bridge. It has sweeping views across to the Opera House, a compact village centre of cafes and boutiques, and foreshore reserves and walking paths. Housing ranges from Victorian terraces and sandstone cottages to contemporary apartments and some waterfront homes, and residents include professionals, families and long-term locals who value a quiet, picturesque setting with easy access to city transport including ferries and the Harbour Bridge pedestrian links.

The community of 3,629 people has a median age of 44 and a high share of couples without children, and about two in three homes are rented while roughly a third are owner-occupied. North Sydney Council is progressing a Kirribilli Village masterplan with streetscape and public-space changes already delivered and further foreshore and park improvements planned, and local schools have masterplans under consideration. That mix points to a compact harbourside village feel that will suit people who prioritise views, walkable amenities and direct city access; whether it’s right for you depends on what you value most in a suburb.

Question 2

Is it expensive to live in Kirribilli?

Accepted Answer

Buying a unit in Kirribilli sits well above local incomes as recorded at the most recent Census: the current median unit price of $1,610,500 is about 13.7 times a typical local household's annual income at the last Census. That puts purchase prices well above what a typical household earned at the time the Census was taken.

Renting also takes a sizeable share of local income. A unit renting for $780 a week would use about 34.4% of a typical local household's weekly income at the last Census, while a house at $1,800 a week would take about 79.4% of that weekly income. Whether those shares feel 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 Kirribilli a good place to invest?

Accepted Answer

House rents in Kirribilli jumped 22.0% over the past year, so if rental income is your main aim that figure will matter most. Units tell a different story: unit values fell 10.7% over the year while unit rents rose a modest 4.0%. In other words, unit capital value declined even as the rent a unit earns edged up slightly.

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	$1.61M
Change in value Past 12 months	N/A	-10.7%
Sold Past 3 months	N/A	19
Median days on market Past 12 months	N/A	51
Average rent Past 12 months	$1800	$780
Change in rent Past 12 months	22.0%	4.0%

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