Get a property report and suburb profile for any property in North Sydney

North Sydney sits on the northern shore of Sydney Harbour, with a busy commercial heart of office towers and shops around Miller Street and quieter residential streets on the ridge. Housing ranges from federation cottages and Victorian terraces to modern apartments, many with harbour or treetop views near reserves such as Blues Point. Local life centres on cafés, restaurants, parks and sport at North Sydney Oval, and the suburb is well connected by the North Shore rail line, road links over the Sydney Harbour Bridge and ferries at nearby Milsons Point.

Dwellings are predominantly rented, with renters making up 62.6% of homes, though owner-occupied pockets remain. Council work around the Victoria Cross metro station and upgrades to North Sydney Oval and Stanton Library, plus a small Miller Street affordable housing project, are shaping local amenity. Whether North Sydney suits you depends on whether you value close city access, varied housing and nearby parks and cafés.

Renting in North Sydney 2060 would take a sizeable to large slice of a typical local household's weekly income as recorded at the last Census: a house rent of $1,375 a week is about 57.2% of a $2,405 weekly household income, while a unit rent of $850 a week is about 35.3%. Buying a unit at $950,000 works out to about 7.6 times a typical local annual household income at the last Census (annual income $125,060), which places buying a unit well above what households locally earned then. If you are renting rather than buying, those rent shares are the most relevant figures; whether they 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.

Over the past 12 months in North Sydney, house values climbed 10.4%, a strong rise, while house rents edged up 1.9%, a slight gain. Unit values fell 5.3%, a solid decline, even as unit rents rose 6.2%, a solid increase. Taken together, house capital growth outpaced house rental growth, while units saw rental income rise even though their values fell.

If capital growth is your priority, the house figures are the relevant ones; if rental income matters more, the unit rent increase is the figure to watch. Whether that mix suits your goals and circumstances is for you to weigh.

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.