What sets Neutral Bay apart for investors?

Thinking of investing in the Sydney property market now that the market is moving again? Recent news reports point to a higher auction clearance rate due to fewer properties being passed in or withdrawn from the market prior to auction – which is good news for buyers. Here are five reasons Neutral Bay is an evergreen choice for property investors.

There is no shortage of tenants

Demand is key when it comes to property investment, because the last thing you want is a property standing empty and costing you money with no rent coming in.

While this can be an issue in suburban and rural areas, it’s rarely a problem in major cities, and never in Neutral Bay, which is a great base for young and child-free professionals, along with downsizers wanting to be close to the city and all its amenities. This also means when it comes time to sell your investment property, you’ll find a buyer, and when your current tenant gives notice, your property manager will have a new one in no time.

Neutral Bay has a unique character and charm

Character is something that comes with age, and as one of Sydney’s oldest suburbs, Neutral Bay has it in spades. The area’s heritage buildings, including its elegant Art Deco apartments, give the suburb much of its charm, along with beautiful walks and water views.

And its established architectural landmarks, including The Oaks, which has been a gathering place since 1885, and the Hayden Orpheum Picture Palace, give it a sense of identity. You can’t put an exact price on character, but it does give a suburb an edge and means that it will always be somewhere desirable for people to live.

Great wining and dining

Older, charming inner city suburbs will, in turn, attract ambitious new businesses, cafes and restaurants. In Neutral Bay there is no shortage of great places to meet up for a meal, brunch or a glass of wine, as we’ve covered in many of our blogs. Sydney is always going to be a food destination, and the standard is generally high, which means for young urban professionals and those with disposable income, it has an evergreen appeal.

In some of our recent blogs we’ve covered the area’s many excellent venues, including its great bars, places to enjoy a warm evening, indoors or outside, and of course, being Sydney, top spots for weekend coffee and brunch.

There’s a solid local community

For those moving to the city for the first time, perhaps for work or study, finding a thriving local community is crucial. People don’t always want to travel across the city for hobbies or sport if they have had a busy week, and would rather have what they need on their doorstep. Neutral Bay delivers here, too, with a long-running community centre, a cinema in nearby Cremorne, and lots of independent shops, 24-hour gyms, yoga studios and eateries to pick up a few things for dinner.

Access to the great outdoors

What sets Sydney in general apart, and its waterside suburbs in particular, is the incredible natural beauty of the harbour. Whether you like a long coastal walk or being out on the water, you can access it easily from Neutral Bay.

Is 2023 the time to invest, or sell a property?

If you are looking for an investment property in Neutral Bay and surrounding areas, or looking to sell your property, we are here to help. Feel free to get in touch today to find out more about upcoming listings and our property management services.