For a uniquely tiny suburb in terms of its geography and population, Edgecliff punches well above its weight.
Hidden away amongst some of Sydney’s most well-known neighbourhoods, for a uniquely tiny suburb, in terms of both its geography and population, Edgecliff punches well above its weight.
Often overlooked in favour of its more glamorous neighbours, such as Double Bay, Darling Point, Paddington and Woollahra, residents know that Edgecliff is actually one of the inner-city property market’s best kept secrets. Among its many attractions are great schools and proximity to excellent shopping, Sydney’s best beaches, and other Eastern Suburbs hot spots.
Population snapshot: Who lives in Edgecliff
As of the 2016 Census, there were 2,580 residents reported in Edgecliff. Of these 44.8% were male and 55.2% were female with an average age of 38 years.
Sales price snapshot: Property prices rising
The median unit price in Edgecliff in 2018 was $1,357,500. Houses in Edgecliff rent out for $990 per week on average with an annual rental yield of 2.3% and units rent for $555 per week with a rental yield of 2.1%. Based on five years of sales, Edgecliff has seen a compound growth rate of 7.7% for houses and 9.1% for units.
11 Thorne Street, Edgecliff
We recently sold this freestanding three-bedroom home with a fluid layout and multiple entertaining areas. Its peaceful, prestigious locale is just 350-metres from Edgecliff station and footsteps from leafy Trumper Park.
Five reasons the locals love Edgecliff
1. Rich history
The suburb is literally on the edge of a cliff, being named after the perch it sits upon – a rocky cliff face that was extensively quarried in the early days of European settlement. The area was long dominated by the Glenrock estate, which contained an Italiante residence, a Classical Revival two-storey mansion made out of sandstone, and substantial wrought iron and sandstone gates. The estate is now the site of Ascham School, with the gates still surviving opposite the station, on New South Head Road.
Despite its small size, Edgecliff is remarkably well connected. It’s a shopping and transit hub for the area with a recently upgraded train station that services the Eastern Suburbs line from Bondi Junction to the city, plus a bus station, and Eastpoint Food Fair with two grocery stores, and other shops and services along its main thoroughfare, New South Head Road.
3. A lot of choice
There’s also a surprisingly wide range of properties to choose from here, from large family homes to art deco, 1970s and new modern units or small historic cottages including some quaint weatherboards in the quieter back streets. The majority of housing stock here is single-family homes and some apartment towers. Despite its central location the area also has below average property crime rate for Sydney.
4. Sydney’s best schools
Edgecliff’s proximity to Sydney’s top-ranked schools in the Eastern Suburbs is a major draw card for many families, from popular primary schools and top selective secondary schools to Sydney’s best private schools, including Ascham School, which is located in Edgecliff, and Sydney Grammar Prep school just down the hill.
5. Great lifestyle close to hand
Located just four kilometres from the CBD, Edgecliff is surrounded by Double Bay, Woollahra, Paddington, Rushcutters Bay, and Darling Point, which are home to great shopping, eateries, nightlife, and easy access to some of Sydney’s most beloved beaches. It’s a short walk to Woollahra village, the cafes of Double Bay, or the parks of Darling Point. And if you’re feeling energetic it’s just 4km to the CBD.
If Edgecliff is on your watch list, don’t hesitate to get in touch with our team today.
Sydney’s Eastern Suburbs Market Snapshot
A detailed annual assessment of the property market focusing on the Eastern Suburbs of Sydney, Australia.