Promising Growth for Elizabeth Bay property market
As a mostly affluent suburb with advantage of a harbourside location close proximity to the CBD, the Elizabeth Bay property market shows no sign of slowing down. Investors and business owners thrive in the competitiveness of the local market and continue to increase prices and services in the community.
1. Sought after location, 40 Macleay Street, Elizabeth Bay. 2. Popular cafe spot, Elizabeth Bay Cafe
According to the 2011 Census, the Australian Bureau of Statistics reports about 19.7% of residents owned their homes in Elizabeth Bay with just under half of all residents being international citizens. It’s an investors market with great opportunity for business and progress.
SydneyLinks Trisiana Muljono says an increased number of owners were enquiring about listings.
“We have lots of happy owners who with investment properties,” says Trisiana. A property at 65 Elizabeth Bay Road received a rent increase offer of $40 per week. “Our owner is very happy and giving us a second property for lease”.
3. Buyers top 5 item in Sydney is outdoor space (picture: Sold property, 21/165 Victoria St, Potts Point). 4. You can’t leave out good storage space (picture: 202/40 Macleay St, Potts Point).
“A large party of the building at 40 Macleay street is managed by us and the sales there continue,” says Trisiana. There are many residential and commercial properties for sale in the area at increased market price with no sign of slowing.
Commercial property at the much loved local Elizabeth Bay Cafe on Lizzy Bay road is up for sale. Opportunity for business and development in the area continues to pop up.
For appraisals and opportunities in Elizabeth Bay call our friendly team.
The SydneyLinks team
194 -196 Victoria Street Potts Point NSW 2011
02 8302 3000