Neil Casey
Lake Illawarra, NSW+21
Sydney · Eastern Suburbs
Woollahra is the epitome of refined village living, characterised by its tranquil, tree-lined streets and a wealth of Victorian and Edwardian architecture. It offers a sophisticated, European-like atmosphere with the vibrant Queen Street at its heart, where high-end boutiques, art galleries, and antique shops sit alongside chic cafes. Despite its proximity to the CBD, the suburb maintains a quiet, residential charm, prized for its heritage streetscapes and leafy parks.
Market snapshot
Price register · May 2026
Median house
$4.05M - $5.45M
Mid-band $4.75Mspread 29%
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Create Your Free ProfileLast reviewed 13 May 2026
Median unit
$1.35M - $1.85M
Mid-band $1.6Mspread 31%
Days on market
~35-83 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
68% to 78%
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
1.8% to 2.8%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+13% to +33%
cumulative since 2021Who buys here
Established professionals · Families seeking prestigious schools · High-net-worth downsizers
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Woollahra property market operates on a distinct two-tier system, a characteristic that has become more pronounced in the current climate. A-grade, architecturally significant, and well-located family homes remain structurally undersupplied, commanding premium prices and strong competition from equity-rich buyers who are less reliant on debt. The median house price sits at a formidable $4.75M as of May 2026, with a modest annual growth of 1.7%, suggesting a stable, mature market rather than a booming one. In contrast, properties with any compromises—be it location, noise, or condition—are experiencing longer days on market, which averages around 59 days for houses.
A significant factor shaping the future market is the NSW Government's Low and Mid-Rise Housing Policy. This policy affects land within 800 metres of transport hubs like Edgecliff, overriding some of Woollahra's traditional planning controls and paving the way for increased density. This has introduced both opportunity and uncertainty. For the unit market, which has a median price of $1.60M and has seen a slight annual decline of -1.4%, this could mean an influx of new luxury apartment supply. While boutique, house-like apartments in heritage buildings remain highly sought-after, the absorption capacity for a high volume of new high-end units is an untested variable that could temper price growth in the medium term.
Investment in Woollahra is overwhelmingly a capital growth play. Rental yields are low, with houses returning approximately 2.3% and units around 3.4%. This financial profile suits a specific investor—one who prioritises long-term asset appreciation and wealth preservation in a blue-chip location over immediate cash flow. The suburb's robust auction clearance rate of nearly 73% for quality stock underscores the persistent, deep-seated demand from buyers who value the suburb's enduring appeal, lifestyle amenities, and prestigious reputation.
Woollahra is a market defined by scarcity, where A-grade homes are a currency of their own, largely insulated from broader market fluctuations.
Why a buyers agent
In a suburb as nuanced as Woollahra, a buyer's agent provides a critical competitive edge. The market is defined by a stark divide between A-grade and compromised properties, a distinction a non-local buyer may not grasp until it's too late. Many of the best homes trade off-market, accessible only through established agent networks. An expert can unlock these opportunities. Furthermore, navigating the complexities of heritage overlays, understanding a property's exposure to future development under new planning laws, and accurately valuing unique architectural homes requires deep local knowledge. An agent's role is not just to find a house, but to secure a sound, long-term asset by identifying true quality and avoiding the over-priced or problematic properties that linger on the market.
As one of Sydney's most affluent suburbs, Woollahra represents a blue-chip investment. The market is characterised by high demand and low supply of quality homes, ensuring long-term value and resilience.
Enjoy a sophisticated village atmosphere on Queen Street, with world-class shopping at Bondi Junction next door and the expansive Centennial Park as your backyard. It's a perfect blend of quiet residential living and cosmopolitan convenience.
The suburb is a magnet for families due to its access to top-tier education, including Woollahra Public School, Holy Cross Primary, and Reddam House, making it an ideal place to raise a family.
Located just 5km from the CBD, with easy access to Edgecliff and Bondi Junction train stations and multiple bus routes, commuting is effortless, connecting you to the city, beaches, and beyond.
Compare
| Metric | This suburbWoollahra | NearbyBellevue Hill | NearbyBondi Junction | NearbyDouble Bay |
|---|---|---|---|---|
| Median house | $4.05M - $5.45M | $9.50M - $12.85M | $2.45M - $3.35M | $6.20M - $8.35M |
| Median unit | $1.35M - $1.85M | $1.30M - $1.80M | $1.10M - $1.50M | $1.75M - $2.35M |
| Auction clearance | 68% to 78% | — | 58% to 68% | 28% to 38% |
| Days on market | ~35-83 days | ~22-50 days | ~21-49 days | ~34-78 days |
| Year-on-year growth | -3% to +7% | +1% to +11% | -6% to +4% | -8% to +2% |
| 5-year growth | +13% to +33% | +33% to +53% | +21% to +41% | +8% to +28% |
| Rental yield | 1.8% to 2.8% | 1.3% to 2.3% | 2.1% to 3.1% | 0.9% to 1.9% |
| Postcode | 2025 | 2029 | 2022 | 2028 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Woollahra is one of Sydney's most prestigious and picturesque eastern suburbs, located just five kilometres from the CBD. Its character is defined by a charming village atmosphere centred around Queen Street, a sophisticated thoroughfare famous for its antique shops, art galleries, designer boutiques, and alfresco dining. The suburb's housing stock is a primary attraction, featuring some of Sydney's finest examples of Victorian terrace houses, grand Federation homes, and contemporary architectural residences, all set along quiet, leafy streets.
Families are drawn to the area for its excellent educational facilities. Notable schools include the highly-regarded Woollahra Public School, the Catholic Holy Cross Primary School, and the nearby prestigious private school, Reddam House.
Transport connectivity is excellent. While the suburb itself is peaceful, it is flanked by major transport hubs. Residents can walk to Edgecliff or Bondi Junction train stations for fast services to the CBD and beyond on the T4 Eastern Suburbs & Illawarra Line. Major bus routes, including services along Oxford Street, provide further direct links to the city, beaches, and inner west.
For recreation, residents are spoiled for choice. The vast green expanse of Centennial Park forms the suburb's southern border, offering kilometres of walking, running, and cycling tracks. Smaller local parks like Cooper Park provide bushwalks and sports facilities within the suburb itself. This combination of heritage charm, high-end amenity, and superb location solidifies Woollahra's status as a premier Sydney address.
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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