Elizabeth Bay · Suburb / Locality

Housing & Dwellings in Elizabeth Bay

Where and how people live — the homes, how they are held, and what they cost.

Very high housing costs set Elizabeth Bay apart from most similar areas. It is a place where renting is far more common than owning, and almost every home is a flat or apartment. The typical weekly rent is $500, which is well above the national figure.

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📍 Elizabeth Bay, Suburb / Locality

Where Elizabeth Bay sits — Median rent (weekly)

$500 ▲ +17.6%
  • $0–$25: 37 areas
  • $25–$50: 86 areas
  • $50–$75: 199 areas
  • $75–$100: 214 areas
  • $100–$125: 525 areas
  • $125–$150: 343 areas
  • $150–$175: 699 areas
  • $175–$200: 597 areas
  • $200–$225: 1183 areas
  • $225–$250: 724 areas
  • $250–$275: 1277 areas
  • $275–$300: 787 areas
  • $300–$325: 1282 areas
  • $325–$350: 618 areas
  • $350–$375: 935 areas
  • $375–$400: 570 areas
  • $400–$425: 763 areas
  • $425–$450: 288 areas
  • $450–$475: 415 areas
  • $475–$500: 176 areas
  • $500–$525: 204 areas
  • $525–$550: 79 areas
  • $550–$575: 125 areas
  • $575–$600: 70 areas
  • $600–$625: 97 areas
  • $625–$650: 21 areas
  • $650–$675: 54 areas
  • $675–$700: 145 areas

All suburb / locality areas, 2021. The marker is Elizabeth Bay — higher than 92% of areas.

Median rent (weekly) compared with the state and national average
Elizabeth Bay$500
2011, NSW $490
New South Wales $420
Australia $375

Housing costs

Rents, mortgages and crowding.

Typical weekly rents of $500 are among the highest at this level. Those with mortgages also face high costs, with the typical monthly payment of $2,582 being well above the Australian figure of $1,863.

$500 ▲ +17.6%

Higher than 92% of suburb / locality areas.

  • 2011: $425
  • 2016: $493
  • 2021: $500

Median weekly rent paid by households renting their home.

$2,582 ▲ +17.4%

Higher than 88% of suburb / locality areas.

  • 2011: $2,200
  • 2016: $2,324
  • 2021: $2,582

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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In Elizabeth Bay, the largest group is $350–$549 at 41%, followed by $550–$749 (25%) and $750 or more (20%).

Monthly mortgage distribution

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In Elizabeth Bay, the largest group is $3,000 or more at 43%, followed by $1,800–$2,999 (27%) and $1,000–$1,799 (15%).

Owning & renting

How homes are owned or rented.

Renting is very common here, with 58.6% of households renting—a figure far above the national average of 30.6%. Meanwhile, the proportion of homes owned outright is 21.9%, which is much lower than most areas.

58.6% ▼ -0.1%

Higher than 96% of suburb / locality areas.

  • 2011: 58.7%
  • 2016: 60.3%
  • 2021: 58.6%

Share of occupied private dwellings that are rented.

21.9% ▲ +11.6%

Lower than 88% of suburb / locality areas.

  • 2011: 19.7%
  • 2016: 19.9%
  • 2021: 21.9%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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In Elizabeth Bay, Rented is the majority at 59%; Owned outright is next at 22%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Flats or apartments make up 98.6% of the housing stock, while separate houses are among the lowest at 0.3%. Because three-bedroom homes are so rare, the average of 1.00 person per bedroom is well above the national figure.

1.00 ▼ -16.7%

Higher than 89% of suburb / locality areas.

  • 2011: 1.20
  • 2016: 1.10
  • 2021: 1.00

Average number of usual residents per bedroom — a crowding measure.

0.3% ▼ -38.0%

Lower than 99% of suburb / locality areas.

  • 2011: 0.6%
  • 2016: 0.4%
  • 2021: 0.3%

Share of occupied private dwellings that are separate houses.

10.3% ▲ +6.1%

Lower than 99% of suburb / locality areas.

  • 2011: 9.7%
  • 2016: 9.7%
  • 2021: 10.3%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Elizabeth Bay, Flat or apartment is the majority at 99%; Townhouse / semi-detached is next at 0%.

Bedrooms per home

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In Elizabeth Bay, the largest group is 1 bedroom at 42%, followed by 2 bedrooms (32%) and Studio / none (16%).

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Elizabeth Bay

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Elizabeth Bay [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL11398/elizabeth-bay/topic/housing-dwellings