Elizabeth Bay, NSW
UNDERVALUED7,985 sales · 36 years of data · NSW, Australia
Elizabeth Bay, NSW Property Market Overview
Elizabeth Bay, NSW, 2011, is a prestigious harbourside suburb located in Sydney's eastern suburbs. With 36 years of recorded property sales data, AusPropertyInsights.app has analysed 7,985 transactions to provide a comprehensive overview of the area. The current median property price for all dwellings in Elizabeth Bay sits at $946,000.
Elizabeth Bay is renowned for its elegant Art Deco buildings, stunning harbour views, and proximity to the Sydney CBD. The suburb offers a mix of apartments and houses, with a significantly higher proportion of apartment sales. Elizabeth Bay's real estate market reflects its desirable location and lifestyle.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Elizabeth Bay
Top streets in Elizabeth Bay, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Elizabeth Bay Rd | $975,000 |
| 2 | Barncleuth Sq | $940,275 |
| 3 | Greenknowe Ave | $1,012,500 |
| 4 | Macleay St | $993,750 |
... and 34 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Billyard Ave | $23,660/m² |
| 2 | Greenknowe Ave | $19,129/m² |
| 3 | Elizabeth Bay Rd | $23,978/m² |
| 4 | Barncleuth Sq | $26,894/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Greenknowe Ave | +2.8% |
| 2 | Crick Ave | +0.9% |
| 3 | Elizabeth Bay Rd | +1.2% |
| 4 | Macleay St | +2.9% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 11 Greenknowe Ave | $3,600,000 |
| 2 | 10 Onslow Ave | $4,020,656 |
| 3 | 19 Billyard Ave | $910,000 |
| 4 | 46 A Macleay St | $900,000 |
... and 170 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Elizabeth Bay analysis
38 streets and 174 buildings to explore
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Elizabeth Bay at a Glance
Elizabeth Bay, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Elizabeth Bay, NSW
Living in Elizabeth Bay offers a sophisticated urban lifestyle with stunning harbour views. The suburb is close to several reputable schools, including Sydney Grammar School and St Vincent's College, though they are not directly within Elizabeth Bay. Train access is convenient via nearby Kings Cross Station, providing easy access to the CBD.
Residents enjoy proximity to Rushcutters Bay Park and Beare Park, offering green spaces for recreation. Shopping and dining options are abundant along Macleay Street in nearby Potts Point, with a variety of cafes, restaurants, and boutiques. Elizabeth Bay exudes a relaxed yet vibrant atmosphere, attracting residents who appreciate its picturesque setting and convenient location.
Who Buys in Elizabeth Bay?
Elizabeth Bay attracts a diverse range of buyers, influenced by its property mix and price points. With 85% of properties being strata apartments, the suburb appeals to professionals, downsizers, and investors seeking low-maintenance living. The median apartment price of $946,000 may be attractive to some first home buyers, although houses at $7,700,000 are less affordable. The historical CAGR figures suggest that Elizabeth Bay has attracted long-term investors seeking capital appreciation.
Market Analysis
Elizabeth Bay's property market, as of early 2026, is currently positioned below its long-term trend, indicating undervalued territory. This means that property prices in Elizabeth Bay are presently lower than what historical trends would suggest.
The cycle position provides a snapshot of market sentiment and buyer activity. While the market is currently undervalued, it is essential to consider individual property characteristics and broader economic factors when assessing the Elizabeth Bay market.
Is Elizabeth Bay a Good Investment?
The historical growth patterns of Elizabeth Bay suggest a consistent, albeit varied, performance over the long term. The full-period CAGR of 5.8% indicates significant capital appreciation over the past 36 years. However, the more recent 10-year CAGR of 1.7% suggests a slowdown in growth compared to earlier periods.
The current cycle position of Elizabeth Bay being below its long-term trend (undervalued territory) could present opportunities for buyers seeking to enter the market. However, it's crucial to conduct thorough due diligence and consider individual property characteristics before making any decisions. Elizabeth Bay's premium location and lifestyle amenities continue to underpin its property values.
Elizabeth Bay Market Outlook
As of early 2026, Elizabeth Bay's property market is positioned below its long-term trend. Recent price trends suggest a period of potential recovery. Monitoring market dynamics, economic indicators, and buyer sentiment will be crucial for understanding the future trajectory of Elizabeth Bay's property market.
Streets & Location in Elizabeth Bay, NSW
Elizabeth Bay boasts a prime harbourside location, contributing to its desirability. AusPropertyInsights.app data indicates that the top streets in Elizabeth Bay by median price include Crick Ave, Macleay St, and Elizabeth Bay Rd. The suburb is contained within postcode 2011 and comprises a total of 38 streets, each offering unique characteristics and property values.
Market Dynamics
The Elizabeth Bay property market demonstrates steady transaction activity. The average settlement timeframe for properties in Elizabeth Bay is 57 days. Data regarding quick-flip percentages is currently not available, highlighting the need for further investigation into short-term investment activity within the suburb.
Development & Density
Elizabeth Bay features a high density of apartment buildings, with a total of 174 apartment buildings recorded. The suburb's development profile is characterised by a significant proportion of strata apartments, reflecting a trend towards higher-density living and limited availability of detached houses. This development density shapes the overall property landscape of Elizabeth Bay.
Growth & Property Mix
Historically, Elizabeth Bay has demonstrated consistent, long-term growth. The full-period Compound Annual Growth Rate (CAGR) over the past 36 years is 5.8%. Over the last 20 years, the CAGR is 3.2%, while the 10-year CAGR stands at 1.7%. The property mix in Elizabeth Bay is predominantly strata apartments, with 85% of properties falling into this category, influencing the overall market dynamic.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.