Darling Point is right across the water from Potts Point and Elizabeth Bay and I’m often asked to sell property in this gorgeous suburb.
I also recommend it to buyers who may be seeking an inner city life in a more secluded location.
In many ways, Darling Point is similar to Potts Point with amazing apartments dominating the local housing stock, killer views, and great access to everything Sydney’s East can offer. And, while it may not have the same number of cafes, bars and restaurants, they’re all just a hop skip and jump away.
Leafy, quiet and central, this harbourside suburb offers some of the best in inner-city living.
A short history of Darling Point
The Gadigal People are the traditional custodians of Darling Point.
Governor Ralph Darling, who was appointed in 1824, named the peninsula “Mrs Darling’s Point”, in honour of his wife Eliza when the land was first allocated in 1833. Over time it became known simply as Darling Point.
Property market update: Darling Point real estate
Darling Point’s proximity to the city has long been a drawcard for young professionals, growing families and downsizers.
According to the last Census, 4,190 people live in Darling Point. Forty-three per cent of residents are professionals, while 37.7% live in single or lone person households. The median age of Darling Point is 48 years old – significantly higher than Potts Point at 32.
The majority (87.3%) of Darling Point’s residential properties are apartments, many of which were built from the 1960s as its many grand old homes on large blocks were knocked down or reconfigured.
Ornate mansions and freestanding homes now account for just 6.3% of properties, while Victorian terraces or semi-detached properties comprise 5.5% of Darling Point’s homes.
As of September 2020, Darling Point’s median unit price is $1,690,000 according to realestate.com.au, with the median house price sitting around $7 million.
Darling Point is also popular with investors, and approximately 35% of properties in the suburb are rented. Units in Darling Point rent out for $845 per week, with an annual rental yield of 2.31% according to realestateinvestar.com.au, and houses rent for $1,795 per week. In September 2020, the vacancy rate sat at 2.56%.
5 reasons the locals love Darling Point
1. Location
Leafy, quiet and secluded from the bustle of New South Head Road, Darling Point is convenient to everything but still far enough away from the action. Edgecliff, Double Bay, Rushcutters Bay, and Paddington are all within a short stroll.
Buses take you to Bondi Junction and the CBD is just four kilometres away. Locals can jump on the ferry from McKell Park to get to work or take the train from Edgecliff.
Residents can pop across to Eastpoint for major supermarkets or there’s a popular cafe on Mitchell Road that doubles as a grocery store.
2. Views
As a harbourside suburb, Darling Point, like Potts Point, is spoilt when it comes to amazing views. On the Eastern side, you can watch the sunrise and enjoy views over Point Piper. Look North across the harbour to Taronga Zoo and Mosman, past Clark Island, from the Ferry Wharf, or move your eyes westward to look back towards Potts Point and Elizabeth Bay. Many of the apartment blocks have beautiful foreshore pools and water access for boating and other sports.
If you’re looking for a great spot for lunch or dinner with a view, head down the hill to the CYC, where you can enjoy a waterside drink and watch the boats go by.
3. Parks
Darling Point’s streets are leafy and many of the apartment blocks have lush, generous gardens for residents to enjoy. The locals also have easy access to several great public parks. Darling Point is right up the road from Rushcutters Bay Park, and the harbour foreshore is popular with walkers and families.
It also boasts McKell Park, a popular destination for weddings and picnics. And Double Bay’s Steyne Park is just down the hill.
4. Schools
Darling Point is home to Ascham, an excellent private girls school with a history dating back to 1886. Sydney Grammar, Cranbrook, Scots, Kambala, SCEGGS Darlinghurst, and Kincoppal Rose Bay are all nearby. The local public primary schools, including Woollahra, Darlinghurst, Glenmore Road and Double Bay are in demand with parents. Darling Point is also in the catchment for the long-awaited brand new Inner Sydney High School. Because of this, it attracts many families with an eye on their kids’ education.
5. History
From gothic revival mansions such as Swifts, Carthona and Lindsay to art deco, modernist and contemporary apartment blocks, Darling Point’s streets are steeped in layers of history and great architecture. St Mark’s Darling Point, Bishopscourt, and McKell Park are all local landmarks.
Darling Point has known its fair share of celebrity residents too. It was once home to Prime Minister Gough Whitlam and film stars including Nicole Kidman have also called it home.
Recent listings:
15/85 Yarranabbe Road Darling Point
Epitomising the best of Darling Point living, this four-bedroom 3 bathroom apartment has sensational panoramic views, enjoys a communal pool, parking for six cars, and is right on the water.
Recent sales:
- ‘Santina’ 19/85 Yarranabbe Road, Darling Point
- 19A Eastbourne Ave, Darling Point
- ‘Wyralla’ 14 Mona Road, Darling Point
If you’re interested in buying or selling in Darling Point contact my team today.
