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Neutral Bay is a suburb 1.5km north of the Sydney CBD in New South Wales, Australia. It is a harbourside area so it has property available with views. It is in the local government area of the North Sydney Council. It is so close to the Sydney CBD that property investors flock to this area.
It has a view of the Sydney Harbour which gives off a nice appeal to people looking for property. There is a bit of beach for the beach lovers to enjoy. It offers quite a variety of amenities to give the suburb some depth. There is a main hub where it is very frantic and exciting named military road for the people who are looking for a rush but there are plenty of parks for people who want to relax. It is quite easy to venture up the coast for a day trip to the Taronga Zoo in Mosman or even further up, Balmoral Beach.
The most popular properties would have to be apartments or flats as the 2011 census showed that around 60% of people lived in this type of property. There are also several more luxury properties.
The most common properties would have to be art deco apartments, grand mansions and architect designed houses on the water.
The top things to do include going to Military road to enjoy the shops, restaurants, cafes, bars and entertainment it has to offer. Then you can venture south to the water to have a swim and enjoy the beach down at Kurraba Point. There is the famous Oaks Hotel where you can have a bite to eat and enjoy yourself.
The local industry has over 1000 people in retail trade and Professional, Scientific and Technical Service.
The downside is that there is no train line in Neutral Bay but that is made up with the ferry service which is just as fast. Buses and taxis are also available as well.
The main road in Neutral Bay has to be Military road then followed by Kurraba road. Also Ben Boyd Road is an honourable mention.
Kurraba road has been described as quiet and affordable with ocean views to the harbour. These are features property investors are looking for. There are also a few parks in this area and also ferries depart to take you into the city which gives Kurraba point some exclusivity. Another place in Neutral Bay would be Yeo Street as it is very close to Military road where everything is happening.
Over the years the experiences Buyer’s Agents at Metropole have helped many property investors and home buyers purchase in this area. Why not click here and leave your details so we can be in contact and help you with your property search the best investment property for your portfolio in Neutral Bay.
Neutral Bay is a harbourside suburb on the Lower North Shore of Sydney. It is north of Sydney CBD in the local government area of North Sydney Council. Surrounding suburbs include Cammeray, Milsons Point and Cremorne.
Distance from CBD: 1.5 km North
Average Annual Growth: 8.21%
No. Years to double in value: 8.7 years
Total population: 9384
Median Household Income: $2073 (weekly)
Walk Score: 85 – Very Walkable