Question 1

Is Tamarama a nice place to live?

Accepted Answer

Tamarama is a compact beachside pocket centred on a small sandy bay and dramatic clifftops, with the coastal walk running past the shore towards Bondi and Bronte. Low-rise apartments alongside a scattering of older cottages and terraces, and many properties with ocean views, give the suburb a concentrated, village-like feel. A handful of cafés and eateries sit near the beach, and surf, coastal walking and outdoor living shape daily life. Regular bus services link residents to nearby shopping and transport hubs.

Home to 1,478 people, Tamarama has a median age of 36 and a median total household income of $4,522 a week. Households are largely couples and families, and tenure is slightly more owner-occupied than rented. Waverley Council has prepared park and beach management and ecological restoration plans and has upgraded Marks Park and the coastal walk; coastal risks and hazards work also covers the Bronte to Tamarama section. Whether Tamarama suits you will come down to how much you value close beach access, coastal walking and a compact village atmosphere.

Question 2

Is it expensive to live in Tamarama?

Accepted Answer

For renters in Tamarama, current weekly rents take a large share of what a typical local household earned at the last Census. A house rent of $2,150 a week would take about 47.6% of a typical local household's weekly income at the last Census, which is a large share, while a unit at $1,400 a week would take about 31.0% of that income, a sizeable share.

If you're renting rather than buying, those rent shares are the figures that matter; 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.

Question 3

Is Tamarama a good place to invest?

Accepted Answer

Over the past 12 months in Tamarama the picture is mixed between prices and rents. Both property values fell: house values are down 8.7% (a solid decline) and unit values are down 18.1% (a large decline). Rents moved the other way for the two property types, with house rents down 10.4% (a large fall) while unit rents rose 7.7% (a solid increase).

For someone weighing Tamarama as an investment, the value figures point to a decline in capital value over the year, while the rent figures show rental income has fallen for houses but increased for units. Which of those outcomes matters more will depend on whether you prioritise capital growth or rental income.

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	N/A
Change in value Past 12 months	-8.7%	-18.1%
Sold Past 3 months	1	3
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$2150	$1400
Change in rent Past 12 months	-10.4%	7.7%

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