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Our guide to Sydney’s Eastern Suburbs

July 30, 2019 9:00 am by Upside

Home to some of the world’s most beautiful beaches, a vibrant shopping and entertainment district and an eclectic mix of housing, it’s easy to see why Sydney’s Eastern Suburbs is one of the most sought-after areas in the city.

Thinking about buying in Sydney’s Eastern Suburbs? Here are some of the area’s top hotspots.

Top suburbs in Sydney’s East

Bronte

Known as neighbouring Bondi’s more mature counterpart, Bronte has lifestyle appeal in spades, with a world-famous surf beach, ocean pools, family-friendly parklands and a quaint array of trendy restaurants and cafes. House blocks are typically small, but the area’s attractive mix of Californian Bungalows, Federation, historic Gothic-style abodes and new residences make Bronte one good-looking suburb. And at just half an hour’s travel time to the city, Bronte is a key locale for young professionals as well as families.

  • Median three-bedroom house price: $2,925,000
  • Median two-bedroom unit price: $1,050,000
  • Average rental yield: 2.6% for houses and 3.7% for units
  • 5-year compound growth rate: 6.3% for houses and 3.4% for units

Woollahra

5km east of the Sydney CBD, Woollahra boasts tree-lined streets, Victorian housing and cutting-edge cafes and restaurants aplenty. Unlike the neighbouring suburbs of Paddington and Bondi, with their transient young residents, the atmosphere in Woollahra is refined and well-mannered. A stroll down Queen Street will see you pass French patisseries, bars, antique stores, restaurants, florists and high-end boutique clothing stores.

  • Median three-bedroom house price: $2,785,000
  • Median two-bedroom unit price: $1,180,000
  • Average rental yield: 2.4% for houses and 2.8% for units
  • 5-year compound growth rate: 9.2% for houses and 9.9% for units

Randwick

Randwick’s positioning further west of the coastline lends itself to more affordable housing within the prestigious bubble of the Eastern Suburbs. With its largely residential population and proximity to Centennial Park, Randwick offers urban lifestyle appeal with access to plenty of greenery and open spaces. St Pauls St, affectionately known as “The Spot”, has all your dining, shopping and entertainment needs covered in one bustling hub.

  • Median the-bedroom house price: $2,125,000
  • Median two-bedroom unit price: $915,000
  • Average rental yield: 2.2% for houses and 3.5% for units
  • 5-year compound growth rate: 8.0% for houses and 5.0% for units

Coogee

Arguably one of Sydney’s best suburbs, Coogee is ideally located alongside a spectacular beach while also being a stone’s throw away from Bondi Westfield shopping centre and the airport. When residents aren’t taking a dip, you’re likely to find them in one of the area’s many trendy eateries, which focus on health-conscious organic offerings as well as beachside classics like fish and chips. Public transport to the city is by bus only, with an average travel time of around 40 minutes.

  • Median three-bedroom house price: $2,200,000
  • Median two-bedroom unit price: $958,000
  • Average rental yield: 2.2% for houses and 3.5% for units
  • 5-year compound growth rate: 8.1% for houses and 4.7% for units

Double Bay

As you’d expect for a suburb that takes pride of place on the eastern Sydney Harbour shoreline, Double Bay is one of the city’s most glamourous suburbs, with its fair share of high-end fashion boutiques and world-class restaurants. But beside the glitz you’ll also find a neighbourhood of understated refinement, with quaint tree-lined streets, period-style terraces, Victorian-era homes and townhouses.

  • Median three-bedroom house price: $3,900,000
  • Median two-bedroom unit price: $1,081,000
  • Average rental yield: 2.0% for houses and 2.9% for units
  • 5-year compound growth rate: 9.0% for houses and 8.5% for units

Sources: domain.com.au Realestate.com.au

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