Eastern Suburbs Real Estate Appraisal: Request A Market Appraisal Today

request an eastern suburbs real estate appraisal

How Much is Property Worth in the Eastern Suburbs?

House and Unit Prices in the Eastern Suburbs:

Sydney’s Eastern suburbs are some of the most prestigious in the country, which is why they command heftier price tags than others. For example, the median price for a 3-bedroom house in Australia’s most iconic beachside suburb, Bondi, costs $2,325,000 (as of 12th March 2018), while a 2-bedroom unit costs around $1,197,500. Similarly, the median price for a 3-bedroom house in Bellevue Hill is $3,660,600 and a 2-bedroom unit is $1,230,000. Some of Sydney’s most affluent families call the Eastern suburbs home.

Rental Income Potential in the Eastern Suburbs

Properties are more expensive in the Eastern suburbs, but rental income potential is also higher. For example, the median rental income potential for a 3-bedroom house in Bondi is $1,125 per week and $750 per week for a 2-bedroom unit. The median rental income for a 3-bedroom house in Bellevue Hill is $1,350 per week and $700 per week for a 2-bedroom unit.

Why is the Eastern Suburbs Popular with Tenants?

The Eastern suburbs are popular for a myriad of reasons:

  • Over 20 pristine beaches, including iconic Bondi, Coogee, Tamarama and Bronte
  • Beautiful coastal walks, including the Bondi to Coogee Coastal walk
  • An abundance of lush greenery with plentiful parks, including Centennial Park, Rushcutters Park, Neilson Park, Moore Park and McKell Park
  • Some of the best dining options in Sydney, including Danny’s Seafood Restaurant, Catalina Rose Bay, Doyles on the Beach, The Cookhouse and Indigo Double Bay
  • Opportunity to enjoy a premium lifestyle, including waterfront views from suburbs like Rose Bay, Double Bay and Bondi Beach
  • Some of the best educational institutions in Sydney, including Cranbrook School and the Scots College in Bellevue Hill, Kambala in Rose Bay, The University of New South Wales in Kensington, and Brigidine College in Randwick
  • Easy connections to the CBD and other parts of Sydney via buses, trains and ferries

Appoint the Best Eastern Suburbs Property Management Team

With so much on offer, the Eastern suburbs are a lucrative choice for investment property owners. But choosing the right property manager is key to maximising the return on your investment property.

Michael Murray has managed properties in Sydney’s Eastern suburbs for over 10 years and possesses extensive market knowledge of the local area.

The team at Murray Property stands out from other property management companies in the Eastern suburbs by offering:

  • Professional property marketing packages; including premium listings on popular real estate websites and professional photography and copywriting
  • High-impact social media advertising on platforms such as Facebook and Instagram
  • Meticulous attention to detail when completing condition reports for owners, with reports including 500 photographs on average

Murray Property has been recognised and received multiple nominations for industry awards. The team at Murray Property was nominated as a finalist at the 2017 National Property Management Awards for Best Social Media and Website of the Year and Managing Director, Michael Murray was nominated as a finalist at the 2017 REINSW Awards for Excellence for Residential Property Manager.

Request an Eastern Suburbs Free Rental Appraisal Today

Thinking of leasing out your Eastern suburbs property and want to find a proactive and reliable property manager you can trust?

Michael and his team will give you honest and detailed feedback after personally inspecting your property and reviewing other properties in your area.

Request a free Eastern suburbs real estate appraisal from Murray Property today to help you make an informed decision regarding your investment property.

Click here to request a rental appraisal today!