The Eastern Suburbs of Sydney is a highly coveted region of Sydney for homeowners and investors, playing home to some of the most expensive suburbs in Australia. In fact, of Australia’s ten most expensive suburbs, the Eastern Suburbs is home to seven of them: Bellevue Hill, Vaucluse, Bronte, Rose Bay, Clovelly, Woollahra, and North Bondi in order of median property prices from highest to lowest.
As these suburbs are highly desirable and residents don’t want to leave, those who hope to move to the area drive up the already sky-high property prices even further. Homes in these tightly held suburbs in prime locations do not change hands often, and in some suburbs across Sydney, only a handful of properties are sold each year.
We’ll be exploring the boundary of the Eastern Suburbs of Sydney, delving into some of the most sought-after locations, and detailing why an Eastern Suburbs buyers agent is needed to secure a property in the region.
Where Are The Eastern Suburbs?
Many are familiar with the Eastern Suburbs of Sydney, but their knowledge of the region is limited to harbourside suburbs, the iconic beachside suburbs, and the suburbs that stretch up towards Vaucluse. With Sydney Harbour to the north, the Pacific Ocean to the east, the Eastern Distributor to the west, and Botany Bay to the south, it comprises many suburbs.
Vaucluse, Darling Point, Point Piper, Double Bay, and Rose Bay boast stunning harbour views, with beaches in Bondi, Bronte, Tamarama, Clovelly, Coogee, and Maroubra stretch along the coast. In the south of the region, La Perouse and Phillip Bay face Botany Bay, with nearby suburbs including Little Bay, Chifley, Malabar and Matraville. In the centre of the region is UNSW, surrounded by suburbs including Randwick, Kensington, and Kingsford. Next to and surrounding Moore Park and Centennial Park are Queen Park, Waverly, Bondi Junction, Paddington, Woollahra, and Edgecliff.
Eastern Suburbs Region Guide
As mentioned, there are plenty of areas to choose from in the Eastern Suburbs of Sydney, and whilst we won’t be exploring all of the suburbs, we’ll offer insights into different suburbs in the region.
Rose Bay
An affluent harbourside pocket of the Eastern Suburbs, Rose Bay is one of Sydney’s most desirable locations. Due to demand and limited property available, this blue-chip suburb commands a median house price of $6,000,000 and units of $1,570,000. Growth in the suburb is strong, with houses and units appreciating by 9.1% and 2.3% respectively over the last 12 months.
Bellevue Hill
With a median house price of $9.17 million, Bellevue Hill is Australia’s most expensive suburb and one of the most desirable.
Home to grand estates and mansions that frequently exceed eight figures, the suburb has breathtaking harbour views. Whilst units aren’t cheap by any stretch of the imagination, the median unit price in the suburb is $1,450,000, offering a more accessible entry point into the area.
Vaucluse
Whilst it is a little further from the city than Bellevue Hill, Vaucluse has always been a highly desirable suburb. Also featuring harbour views and tightly held houses, Vaucluse offers an exclusive enclave for many multi-generational families. Just 92 houses have been sold in the past 12 months, attesting to the suburb’s exclusivity.
Point Piper
A small harbourside suburb, Point Piper is home to the nation’s most expensive properties. One of just eleven streets in the suburb, Wolseley Road is the most desirable, with prices of $38,900 per square metre, putting it in the top ten most expensive streets in the world. Featuring a spectacular view of Sydney Harbour and notable residents including former prime ministers, it is no surprise that properties exchange hands rarely. In the last 12 months, just six houses have been sold in Sydney’s most exclusive suburb.
Double Bay
Neighbouring Bellevue Hill, Point Piper, and Darling Point, Double Bay is nestled in a very desirable pocket of the Eastern Suburbs. The median house price in the suburb has skyrocketed over the last 12 months, increasing 29.6% to $7,770,000. Units in the suburb are also in high demand, which has driven median prices up 15.9% to $1,900,000 in the last 12 months.
Bondi
Internationally renowned even amongst those who have never visited Australia, Bondi is perhaps the most iconic of Sydney’s suburbs. Its laidback lifestyle and warm community draw many to the area, with properties in the suburb always in demand. Despite houses being half the price of Bellevue Hill, unit prices are very similar, with a median unit price of $1,405,000.
Clovelly
A small suburb that is far less known than some of its neighbours in the Eastern Suburbs, Clovelly offers a small pocket of paradise for its residents. Due to its size, there aren’t as many properties coming to market, and those that are are in high demand. The median price of units sold in the last 12 months is $2,047,500, representing a staggering annual growth rate of 47.8%.
Coogee
Further down the coast, Coogee offers the same coastal lifestyle as Bondi, Tamarama, Bronte and Clovelly, but with houses at a lower price point. With charming streets, plenty of cafes and restaurants, and retaining access to the city, Coogee is a desirable place for many looking to live in the Eastern Suburbs.
Randwick
Although not a coastal suburb, Randwick retains easy access to beaches but benefits from all the conveniences and amenities of a more urban area. Both houses and units spend less time on the market thanks to high demand from interested buyers who are looking for a more affordable home or investment property in the Eastern Suburbs.
For those who are looking to purchase a home or investment property in the Eastern Suburbs of Sydney, competition is high. Properties continue to appreciate and aren’t currently showing any signs of slowing. As the region attracts affluent buyers who are purchasing locally or from abroad, a buyer’s agent can help turn the odds of finding your dream property in your favour.
With access to off-market properties, an Eastern Suburbs buyers agent can share properties that aren’t publicly listed, removing much of the competition you might otherwise face. Additionally, with expert negotiation skills, you can be assured that you’re getting a property on the right terms and at the right price. Plus, thanks to in-depth suburb knowledge and experience that can be as specific as a single street, an Eastern Suburbs buyers agent can help you find exactly what you are looking for.
Whether you’re actively looking to purchase a property or just exploring suburbs, get in touch with the team at Rose & Jones.
About Rose & Jones Buyers Agents
Since 1998, Rose & Jones has been assisting clients in finding and purchasing properties across Sydney, South East Queensland, and the Northern Rivers region of New South Wales. Renowned in the residential, commercial, and industrial property sectors, our property experts adhere to the highest standards, ensuring you never have to compromise yours. With access to an extensive network of off-market properties, our team can help you find the perfect property. We also offer property management services and investment advice, making Rose & Jones your premier choice for property in New South Wales and Queensland.