Neutral Bay Suburb Profile – February 2026
1. Neutral Bay: Density with Diversity
Neutral Bay remains one of the Lower North Shore’s most liquid and resilient markets. With a mix of apartments, townhouses and freestanding homes, it caters to a broader buyer pool than many surrounding suburbs. Median house prices sit around the low $4 million mark, while high-quality apartments continue to attract strong demand from professionals and downsizers.
While development has increased density near Military Road, tightly held pockets away from main roads have benefitted from renewed owner-occupier interest, particularly post-2024 as buyers became more selective about quality and liveability. This diversity of housing stock means that Neutral Bay is better understood as a number of micro-markets.
2. Why Neutral Bay works
Neutral Bay’s strength lies in convenience. It offers quick CBD access, excellent dining, and a genuine urban-village feel without sacrificing green space. Proximity to Hayes Street Beach, Anderson Park and the harbour foreshore adds lifestyle appeal that many buyers underestimate until they live there.
Local insider insight:
Seasoned locals know to focus on the Kurraba Point side of Neutral Bay for long-term hold value. Streets closer to the water attract a very different buyer profile to Military Road-adjacent stock and often behave more like Kirribilli in pricing resilience.
3. Who Are the Buyers?
Young professionals, downsizers from Mosman and Cremorne, and investors seeking blue-chip apartments dominate demand. There’s also a steady flow of buyers upsizing from apartments into semis and terraces within the suburb.
Neutral Bay Summary
Median house price: low $4m range
Strong apartment and townhouse market
Excellent CBD connectivity
Lifestyle appeal driven by dining and harbour access
Highly segmented micro-markets within the suburb