Neil Casey
Prosperitii Property Investment Advisory - 30+ reviews (Granny Flat and Dual Occ specilaists)
Nowra, NSW+8
Sydney · North Shore
A North Shore suburb in the North Sydney Council area, with a ferry wharf. Most homes are flats or apartments.
Last reviewed 25 October 2026
Market snapshot
Estimate, not an official figure · September 2026
Median house
$2.50M - $3.35M
Mid-band $2.92Mspread 29%
Median unit
$1.05M - $1.45M
Mid-band $1.25Mspread 32%
Rental yield
1.5% to 2.5%
Gross yield on house stock. Premium suburbs compress.
Price growth for Neutral Bay is not shown. Our estimates for May and September 2026 gave five-year figures more than 10 points apart, and no licensed sales data is available to check which is right.
Before you buy
North Sydney Council's floodplain risk management study and plan, endorsed in 2022, makes a property in a flood planning area a flood control lot, with flood-related development conditions, and that is listed on the property's 10.7 planning certificate. Read the certificate for the address.
In May 2024 the council adopted the Neutral Bay Village Planning Study as the framework for the Neutral Bay local centre, and a matching change to its development control plan took effect on 9 December 2024. A separate proposal to rezone 166-188 and 198-214 Military Road is a proposal only: in February 2026 a planning panel recommended that, once revised, it go forward for a Gateway decision, and nothing has been rezoned. Check what is proposed near the address.
St John's Uniting Church on Yeo Street and Hastings at 2 Hayes Street are on the State Heritage Register, and North Sydney Local Environmental Plan 2013 maps heritage conservation areas. Ask the council whether the address is listed or in a conservation area before you plan works.
Transport for NSW lists Neutral Bay Wharf on Hayes Street, with ferries and buses, and the Neutral Bay Junction bus interchange on Military Road.
NSW Department of Communities and Justice bond data for the June 2026 quarter puts the median weekly rent for a new tenancy in postcode 2089 at $805 for a unit, from 194 bonds, and $830 for all homes, from 227 bonds. Postcode 2089 also covers Kurraba Point.
Revenue NSW charges first home buyers no transfer duty on a home up to $800,000, and a concessional rate on a home above $800,000 and below $1,000,000.
At the 2021 Census, 80.2% of Neutral Bay homes were flats or apartments, 10.8% were semi-detached or townhouses and 8.2% were separate houses.
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Why a buyers agent
In Neutral Bay, most homes are apartments, the village centre has a new planning framework, and a rezoning of part of Military Road is proposed. A buyers agent who works the North Shore reads the planning certificate and checks what is proposed nearby for each home on your shortlist, prices it against the sales closest to it, and negotiates or bids at auction for you.
The council adopted a planning study for the village centre in 2024, and a Military Road rezoning is proposed. An agent checks what applies near the address.
North Sydney's flood plan marks some properties as flood control lots on the planning certificate. An agent reads it for each address.
At the 2021 Census, eight in ten Neutral Bay homes were flats or apartments. An agent compares buildings, strata and outlook against your budget.
Revenue NSW charges first home buyers no transfer duty on a home up to $800,000, and a concessional rate on a home above $800,000 and below $1,000,000. An agent with your conveyancer checks whether the home you choose qualifies before you exchange.
Compare
| Metric | This suburbNeutral Bay | NearbyMosman | NearbyNorth Sydney |
|---|---|---|---|
| Median house | $2.50M - $3.35M | $4.50M - $6.05M | $2.80M - $3.80M |
| Median unit | $1.05M - $1.45M | $1.15M - $1.55M | $1.05M - $1.45M |
| Rental yield | 1.5% to 2.5% | 1.8% to 2.8% | 3.7% to 4.7% |
| Postcode | 2089 | 2088 | 2060 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Neutral Bay had 10,090 residents at the 2021 Census, with a median age of 38. It is in the North Sydney Council area.
At the 2021 Census, 24.3% of Neutral Bay homes were owned outright and 21.5% with a mortgage. The median weekly rent at that Census was $550 and the median monthly mortgage repayment was $2,895.
Frequently asked
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Editorial review: 25 October 2026.
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