Question 1

Is Sanctuary Point a nice place to live?

Accepted Answer

Sanctuary Point sits on the northern shore of St Georges Basin with a relaxed, water-focused coastal character. Life there centres on foreshore reserves, boat ramps and picnic areas, so weekends often revolve around boating, fishing and kayaking. Housing ranges from modest weatherboard and brick family homes to waterfront properties and semi-rural blocks, and local life is anchored by a village shopping strip and community facilities. Road links to the Princes Highway put Nowra and the Jervis Bay beaches within easy reach for day trips.

With 7,874 residents and a median age of 47, the suburb is weighted towards couple families without children (47.6%) alongside couple families with children (28.5%) and one-parent families (22.5%). Homes are predominantly owner-occupied (71.0%) while about 28.9% are rented. A long-running library project has a preferred site and council is progressing funding and project planning, recent foreshore works repaired boardwalks and paths and added a pedestrian bridge, and boat-ramp upgrades are identified as a local priority. That combination will appeal to people seeking a quieter coastal lifestyle, retirees and families; whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Sanctuary Point?

Accepted Answer

At a median house price of $720,000, buying in Sanctuary Point works out to about 13 times a typical local household's annual income at the last Census. The local median household income at the last Census was $1,068 a week, and that income figure is the benchmark used here.

Rents are also sizeable against that local income: a house rent of $550 a week is about 51.5% of a typical local household's weekly income at the last Census, and a unit rent of $495 a week is about 46.4%, both a large share of income. If you're renting rather than buying, those rent shares are the directly relevant numbers; if you're considering buying, the price multiple is the key figure.

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 Sanctuary Point a good place to invest?

Accepted Answer

The standout movement in Sanctuary Point over the past 12 months is in unit rents, which jumped 23.8%, a large increase in what units are earning. House rents also rose, up 5.8% over the year, a solid lift, so rental income from units has been the stronger performer compared with house rents this year.

House values increased a modest 2.7% over the same period, so for houses the income side has grown faster than capital value in the last year. Which of those patterns matters will depend on whether rental income or capital growth is your priority when looking at Sanctuary Point.

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	$720K	N/A
Change in value Past 12 months	2.7%	N/A
Sold Past 3 months	36	3
Median days on market Past 12 months	44	N/A
Average rent Past 12 months	$550	$495
Change in rent Past 12 months	5.8%	23.8%

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