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ABS 2021 Census · Updated 21 May 2026
Elizabeth Bay is an inner-city suburb of Sydney, Australia, with a population of approximately 4,878, making it a boutique locality. Located 2 km from the Sydney CBD, Elizabeth Bay is a inner city area in New South Wales. The median household income is $110,032 per year.
Strong household incomes in Elizabeth Bay underpin solid property demand. Its proximity to the CBD adds a strong location premium.
Official Australia Post postcode for Elizabeth Bay. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Elizabeth Bay on My School →Estimated 2 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
4,878 residents places Elizabeth Bay squarely in the middle of the New South Wales suburb size distribution (state median 5,325), with market depth comparable to most NSW localities. Households here earn $110,032/year on average — 13% above the NSW suburb median of $97,552 — a modest premium that supports resilient owner-occupier demand. Rent of $500/week (84% coverage of the $2,582/month median mortgage) leaves a gap of roughly $415/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 2 km from the Sydney CBD, Elizabeth Bay sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks. Only 0% of dwellings are separate houses (vs 76% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
Inner-city investors should model strata costs and rate rises carefully, since gross yields here are often compressed by higher entry prices. Local rents consume roughly 24% of household income — a useful sanity check on tenant affordability.
How Elizabeth Bay stacks up against the median of all New South Wales suburbs in our dataset. Positive values mean Elizabeth Bay sits above the state median; negative means below.
| Metric | Elizabeth Bay | NSW median | Δ vs state |
|---|---|---|---|
| Population | 4,878 | 5,325 | -8% |
| Median household income | $110,032/yr | $97,552/yr | +13% |
| Median rent (weekly) | $500 | $430 | +16% |
| Median mortgage (monthly) | $2,582 | $2,167 | +19% |
| Distance to CBD | 2 km | 45 km | -96% |
| Separate houses | 0% | 76% | -76pp |
Pre-inspection briefing for Elizabeth Bay — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Elizabeth Bay's 4,878-person market and $110,032 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Moderate rental coverage: rent of $500/week covers 84% of a $2,582/month mortgage, leaving a $415/month gap that an investor bridges with equity, depreciation and tax benefits.
Only 0% of dwellings are separate houses (vs 76% NSW median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Elizabeth Bay property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Elizabeth Bay are modest for 2026 — incomes 13% above the NSW median of $97,552 and a population of 4,878 suggest gains will lag headline metro markets. Rental coverage runs at ~84% of the typical mortgage ($2,167/month rent vs $2,582/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 88/100 places Elizabeth Bay in the top tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
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Elizabeth Bay scores 88/100 on our EquitySight investment framework — a strong rating. That score is driven by a population of 4,878, median household income of $110,032/year and median weekly rent of $500. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Elizabeth Bay are proximity to Sydney (2 km), an above-state-median household income of $110,032/year, a dwelling mix that is 0% separate houses, roughly 1 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Elizabeth Bay has a usual resident population of approximately 4,878, compared with a New South Wales suburb median of 5,325 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Elizabeth Bay sits 2 km straight-line from the Sydney CBD. This is inner-ring territory — pricing competes directly with established Sydney employment nodes.
The most recent census recorded a median weekly rent of $500 in Elizabeth Bay, equating to approximately $26,000/year in gross rental income (state median $430/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Elizabeth Bay is $2,582, or approximately $30,984/year (vs $2,167/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $500 works out to $2,167/month, covering 84% of the median mortgage repayment of $2,582/month. That leaves a $415/month shortfall (around $4,980/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (4,878 residents), interest-rate sensitivity on the $2,582 median mortgage, a unit-heavy dwelling mix (0% houses) where body-corporate costs and apartment supply affect resale, the broader New South Wales market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.