Yowie Bay Property Insights - Nov 2024
Yowie Bay, NSW 2228: A Premium Suburb with Family Appeal
Located in Sydney's southern suburbs, Yowie Bay is a highly sought-after area known for its exclusivity and family-friendly environment. Spanning just 1.8 square kilometers, the suburb features six parks, offering serene outdoor spaces. Despite a slight population decline from 3,166 in 2011 to 3,078 residents in 2016, Yowie Bay remains a vibrant community with a strong focus on families.
Housing Market Trends
The housing market in Yowie Bay is robust, with a median house price of $2.55 million as of October 2024. The upper quartile price reaches $3.05 million, while the lower quartile sits at $2.33 million, highlighting the premium nature of the suburb. Over the past year, 38 houses were sold, with properties staying on the market for an average of 45 days. Rental demand is strong, with a median asking rent for houses at $1,200 per week, yielding a 2.7% rental return.
Unit Market Trends
The unit market in Yowie Bay is limited, with only 3 units sold in the past year. The median unit price stands at $1.54 million, with the upper quartile reaching $1.73 million and the lower quartile at $1.29 million. Despite the small market size, units remain an appealing option for buyers seeking a more affordable entry into this prestigious suburb.
Yowie Bay Property
Rental Market
The rental market in Yowie Bay has seen significant activity, especially for houses. The median rent for houses is $1,200 per week, reflecting a 2.1% annual growth in rental rates.
For units, there is limited data on rental activity, but the broader Sutherland region shows a median rent of $670 per week, with a 2.9% rental yield, offering investors solid returns.
Recent Market Activity
Yowie Bay has seen consistent activity in its property market over the past year. A total of 38 houses were sold, with prices ranging from $2.33 million at the lower quartile to $3.05 million at the upper quartile. Properties spend an average of 45 days on the market, reflecting healthy demand for homes in this premium suburb.
The unit market, while smaller, saw 3 sales during the same period, with a median price of $1.54 million. The most notable unit sale reached $1.73 million, highlighting the competitive nature of this niche market.
In terms of land, only 1 property was sold, further emphasizing the scarcity of opportunities for new development in Yowie Bay. With just 37 new sale listings for houses in the past year, the suburb remains tightly held, contributing to its strong property values.
Community and Lifestyle
Yowie Bay is a family-oriented suburb, with 56.6% of households consisting of couples with children. The predominant age group is 10-19 years, reflecting a community of growing families. A significant 28.8% of households earn over $182,000 annually, underscoring the suburb's affluent demographic.
Investment Potential
With its premium property values, strong rental demand, and limited land availability, Yowie Bay is a desirable location for both homebuyers and investors. The suburb’s exclusivity and focus on family living ensure long-term appeal, making it a stable and attractive investment choice.