Darling Point: Australia's most expensive suburb in the property market
Darling Point is a glamorous and prestigious spot that is all about grand estate homes, manicured gardens and incredible views over Sydney Harbour. Bordering Rushcutters Bay, Darling Point locals enjoy relaxing in peaceful surrounds, whether it’s on the foreshore parks or their own private harbour access.
Darling Point is close to some of Sydney’s most exclusive suburbs, including Double Bay, Paddington, Potts Point and Darlinghurst. Locals consist of the who’s who of Sydney’s elite. Darling Point is home to some of Sydney’s richest residents. Affluent take up residences here, but young professionals aged 20-30 move in to the beautiful apartments, to be close to the central waterside location.
The size of Darling Point is approximately 0.7 square kilometres. It has 3 parks covering nearly 12% of total area. The population of Darling Point in 2011 was 3,918 people. By 2016 the population was 4,187 showing a population growth of 6.9% in the area during that time. The predominant age group in Darling Point is 30-39 years. Households in Darling Point are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Darling Point work in a professional occupation. In 2011, 59.1% of the homes in Darling Point were owner-occupied compared with 61.5% in 2016. Currently the median sales price of houses in the area is $6,900,000.
For more information on Darling Point click here
*figures correct until May 2020