Elizabeth Bay
Suburb profile, market snapshot and recent listings for Elizabeth Bay, NSW 2011.
About Elizabeth Bay
Welcome to Elizabeth Bay
Elizabeth Bay sits on a small, harbourside peninsula about three kilometres east of the Sydney CBD, wedged between Potts Point and Rushcutters Bay. It's one of the most densely lived-in pockets of the inner east, with Art Deco apartment blocks stacked along leafy streets that curl down towards the water, and a skyline of balconies looking out over yachts moored in the bay.
With a population of just 4,878 and a median age of 43, it's a suburb favoured by professionals, downsizers and long-term locals who value a harbourside address without the price tag of a freestanding house. The mix is overwhelmingly vertical living, and that shapes everything about how the suburb feels day to day: walkable, compact and close to the water on almost every street.
Lifestyle & dining
Life in Elizabeth Bay revolves around its cafes, waterfront walks and proximity to the restaurant strips of Potts Point and Woolloomooloo. Macleay Street, just up the hill, is the main artery for coffee and casual dining, while the harbour foreshore at Elizabeth Bay itself offers a quieter, residential counterpoint to the buzz of nearby Darlinghurst and the Cross. It's a suburb that rewards those who like to walk everywhere — to a bar, to the water, to the next suburb along.
Parks & recreation
Elizabeth Bay House and its surrounding gardens are the suburb's best-known green space, offering harbour views and a sense of the area's colonial-era history. Beare Park, tucked into the curve of the bay, is a favourite for morning swims off the small harbour steps, picnics and dog walks, and it links easily to the waterside paths that run towards Rushcutters Bay Park, where there's more open lawn, tennis courts and marina views.
Getting around
Elizabeth Bay has no train station of its own, so residents typically rely on bus services along New South Head Road and Macleay Street into the CBD, or the short walk to Kings Cross station on the Eastern Suburbs line for a quicker rail connection. The suburb's compact, hilly streets are eminently walkable, and many residents get by without a car, with Potts Point, Darlinghurst and the city centre all within easy reach on foot or by a short bus or taxi trip.
Housing & architecture
The housing stock here is defined by its apartments — Art Deco and interwar blocks dominate, many with original details like wrought-iron balustrades, arched doorways and leadlight windows, alongside a smaller number of more contemporary developments. Current listings put the mix at 79% apartments or units, 19% other dwelling types and just 1% houses, underlining just how rare a standalone home is in this pocket of Sydney. Buyers are typically drawn by the combination of period character, water glimpses and the sheer convenience of the location.
The property market
The median unit price in Elizabeth Bay currently sits at $890,000, reflecting the suburb's tightly held, apartment-dominant market. With houses making up only a sliver of listings, units are effectively the market here, ranging from compact Art Deco one-bedders to larger, renovated apartments with harbour outlooks. Its position between Potts Point, Darling Point and Rushcutters Bay keeps it firmly in the inner-city harbourside bracket, appealing to owner-occupiers and investors alike who want a slice of eastern suburbs lifestyle at a comparatively accessible entry point to unit ownership.
Market snapshot
Elizabeth Bay property market
Median sale price
$890k
Unit · 1 bed
Median rent
$695
per week
Gross rental yield
4.1%
annual rent ÷ sale price
Typical price range
Entry
$460k
Median
$890k
Premium
$1.63m
Days on market
55
Auction clearance
61%
Sold this year
79
Median sold price trend · Unit 1 bed
Compound growth +1.0% / yr over 4 yrs
Median price by bedrooms · Unit
Property types on market
Share of current listings in Elizabeth Bay by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Elizabeth Bay, NSW 2011.
Population
4,878
residents (2021)
Median age
43
years
Household income
$2,116
median, per week
Median rent
$500
per week
Median mortgage
$2,582
per month
Mortgage / income
28%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Recent results
Recently sold in Elizabeth Bay
$570k
68/51 Roslyn Gardens
Sold ~July 2026
$610k
31/5-7 The Esplanade
Sold ~July 2026
$450k
32/2 Greenknowe Avenue
Sold ~July 2026
$1.34m
414/6A Birtley Place
Sold ~July 2026
$2m
21/36A Macleay Street
Sold ~July 2026
$2.48m
109/10-12 Macleay Street
Sold ~July 2026
$575k
76/5-7 Esplanade
Sold ~July 2026
$1m
15/19-21 Billyard Avenue
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Elizabeth Bay
Compare the area
Price map around Elizabeth Bay
Every listing for sale near Elizabeth Bay, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
Loading price map…
Common questions
Elizabeth Bay suburb FAQ
What is the median property price in Elizabeth Bay?
The median unit price in Elizabeth Bay, NSW is $890k for a 1-bedroom home. Over the past year, median sold prices have risen about 4.7%.
How much is rent in Elizabeth Bay?
The median weekly rent in Elizabeth Bay is around $695 per week.
Is Elizabeth Bay a good place to live?
Elizabeth Bay is a harbourside inner city suburb in the Eastern suburbs of Sydney, in the state of New South Wales, Australia. Elizabeth Bay is an established residential suburb in NSW, with a population of around 4,878.
What is the population of Elizabeth Bay?
Elizabeth Bay has a population of 4,878 (ABS 2021 Census), with a median age of 43.
How long do homes take to sell in Elizabeth Bay?
Properties in Elizabeth Bay take around 55 days to sell on average, with an auction clearance rate of about 61%.
How much do you need to buy in Elizabeth Bay?
Entry-level properties in Elizabeth Bay start around $460k, while premium homes reach $1.63m.
What suburbs are near Elizabeth Bay?
Suburbs near Elizabeth Bay include Potts Point, Rushcutters Bay, Woolloomooloo, Darlinghurst and Darling Point.
Available now
Properties in Elizabeth Bay
Magnificent House-Like Apartment in Boutique Edwardian Block
New York Style Elizabeth Bay Studio
Harbour Glimpse Studio in Iconic Seidler Setting
