Question 1

Is Potts Point a nice place to live?

Accepted Answer

Potts Point is an inner-city harbourside suburb on Sydney’s eastern fringe, centred on a tight grid of tree-lined streets and compact art deco apartment blocks. Macleay Street and nearby laneways contain a lively mix of cafes, restaurants and small boutiques, and the suburb sits close to harbour foreshore parks such as Elizabeth Bay and Rushcutters Bay. Housing is mainly walk-up flats and low to mid-rise apartments, often with rooftop terraces or harbour views.

The suburb is home to 7,183 people, with a median age of 37, and dwellings are mostly rented (66.2%). Among families, couple families without children make up 81.0%. The City of Sydney continues to manage Kings Cross and City East precinct work, including a Night-Time Precinct Vision that recommends an arts precinct, improved pedestrian laneways and upgrades around Kings Cross, and there have been renewals at Rushcutters Bay Park and Fitzroy Gardens. That mix tends to suit professionals and couples who value a walkable, city-edge, harbour-side setting; whether it fits you depends on what you’re after.

Question 2

Is it expensive to live in Potts Point?

Accepted Answer

On the figures, housing costs in Potts Point sit high against local incomes recorded at the last Census. Renting a unit at $725 a week would take about 35.3% of a typical local household's weekly income at the last Census, while renting a house at $1,000 a week would take about 48.7% of that weekly income.

A unit median price of $925,000 works out to about 8.7 times a typical local annual household income at the last Census, which is a high multiple against local incomes. That means, on these figures, renting a unit is a sizeable share of income and renting a house takes a large share, while buying a unit sits well above what households locally earned at the last Census.

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 Potts Point a good place to invest?

Accepted Answer

Units in Potts Point showed the clearest movement over the past year: unit values rose 11.3% and unit rents rose 11.5%. That means for units both capital growth and the income they earn increased strongly over the 12 months. House rents, by comparison, fell 4.8% over the year.

If you're weighing Potts Point as an investment, the numbers show strong recent growth on the unit side for both value and rent, while house rental income moved in the opposite direction. Which of those outcomes matters most will depend on your personal 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	N/A	$925K
Change in value Past 12 months	N/A	11.3%
Sold Past 3 months	5	60
Median days on market Past 12 months	N/A	49
Average rent Past 12 months	$1000	$725
Change in rent Past 12 months	-4.8%	11.5%

Get a property report and suburb profile for any property in Potts Point

Potts Point suburb profile

Potts Point property market performance

5 year median price trend for houses and units

Potts Point demographics

Suburbs near Potts Point

How does Potts Point compare to nearby suburbs?

Choose the right real estate agents in Potts Point

Get a head start and compare top local agents in Potts Point

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market