As one of Sydney’s most desirable suburbs, Neutral Bay is positioned to take full advantage of the natural and man-made beauty of Sydney Harbour and the city. The bay was named in 1879 when Governor Phillip declared it the port for all foreign vessels (hence the ‘neutral’) to dock and take on supplies and fresh water. The indigenous people knew the area as Wirra-birra.
What’s the vibe?
While many of Neutral Bay’s neighbours scream PRESTIGE! PRESTIGE!, Neutral Bay itself has an air of humbleness and humility – despite having some of the most sought-after views in Australia. There is a vague sense of friendly country village mixed with some wholesome 70’s freedom – topped with million dollar views. This suburb is central to many of Sydney’s best private, independent and public schools and is close to shops, transport, and the beautiful Cremorne Orpheum Cinema. For approximately $90 one way you can get a water taxi from the Hayes Street wharf to the Oyster Bar at Circular Quay – date night with a difference!
Neutral Bay’s hidden secret is that it has it’s very own suburb within a suburb. In 2010 Kurraba Point was declared a suburb in it’s own right – although the two share the same post-code . Kurraba Point is the southern end of the peninsula and includes it’s own ferry wharf – the Kurraba Point Ferry Wharf for inner harbour ferries.
Aside from commuting to the city by way of ferry, residents of Neutral Bay are well serviced by the Sydney bus network with a major transport artery along Military Road. The majority of Limited Stop and Express buses will stop at Neutral Bay and offer a speedy run into the city or to the North Sydney business district.
Buy, rent, invest
Neutral Bay is a high demand suburb and even renting may feel like you are buying with a three bedroom property renting for an average of $1,300 per week. In terms of investment – it is a blue chip suburb so if you can resist moving in yourself, it is a solid investment proposition. The best time to buy in Neutral Bay was 20 years ago – the next best time is now.
For expert advice on your next property move, speak to Amanda On My Side.