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

Rushcutters Bay sits on the harbour around a foreshore park and marina, known for its waterfront promenades and sailing scene. Streets close to the water are mainly low- and mid-rise apartments with some terraces and contemporary infill. Residents tend to be professionals, downsizers and small families who value green open space, waterside recreation and neighbourhood cafés; nearby Potts Point provides dining and shopping, and frequent buses link to the city.

The suburb has 2,335 people, a median age of 38 and a median household income of $1,877 a week (about $97,600 a year). Dwellings are more often rented (64.7%) than owner-occupied (about 35.2%). Council plans upgrades to Rushcutters Bay Park, including a draft playground with nature-inspired play, a waterplay element, improved shade and an accessible entry, and a Youth Recreation Area is being progressed; lighting and fencing at Reg Bartley Oval have also been upgraded and Woollahra is moving to reconstruct the park’s collapsed groundwater irrigation bore. Whether that mix suits you depends on what you’re after.

At a median unit price of $740,000, buying a unit in Rushcutters Bay works out to about 7.6 times a typical local household's annual income as recorded at the last Census (weekly household income $1,877 × 52 = $97,604). The average unit rent of $750 a week would take roughly 40% of that typical local household's weekly income at the last Census, a sizeable share. If you're renting rather than buying, the rent share is the most relevant number; if you're looking to buy, the price multiple shows how the purchase compares with local incomes. 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.

Unit rents in Rushcutters Bay jumped 15.4% over the past year, a strong rise in the income those properties are earning. Over the same 12 months unit values eased slightly, falling 1.1%.

For someone weighing Rushcutters Bay as an investment, the figures show units delivered stronger rental income movement than capital growth over the past year. Which of those matters more to you 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.