It’s always been eclectic, artsy and totally unique…
But Potts Point is fast taking its place on the map as one of the most desirable suburbs in Sydney’s east – Sydney’s answer to Soho.
Here’s your rough guide to who lives in Potts Point, how much they pay to live there, and the reasons they love it so much.
Potts Point demographics: A younger crowd than its neighbours
Sandwiched between Woolloomooloo and Elizabeth Bay, you might expect Potts Point to follow its neighbours as another eastern suburb that attracts older, wealthier renters and buyers. But the fact is Potts Point actually has much more in common with neighbouring Darlinghurst, with a younger average age of just 32 according to the latest census data.
If we dive further into this data, it turns out that 13% of the people who live here are families, which is lower than both nearby Elizabeth Bay and Darlinghurst. Residents earn an average of $1842 a week, and if they own their houses, $2126 of that will go towards their mortgage payments every month.
In terms of overall location, Potts Point is another of those eastern Sydney suburbs that has it all: you’re within walking distance to the CBD, even closer to the incredible parkland in the Domain, and Sydney’s stunning harbour is right on your doorstep.
Why residents love Potts Point
As if the harbour views, quiet streets and location weren’t enough, Potts Point also boasts a thriving local scene for foodies, buzzing nightlife, and plenty of galleries and boutiques to enjoy during the day.
For younger couples, singles and smaller families, Potts Point offers the perfect combination of cosmopolitan lifestyle, community feel and culture vibe. Weekend markets are another local favourite, but you don’t have to spend anything to enjoy the charming art deco architecture and gorgeous terraces that make up the Potts Point streetscape.
How Potts Point is changing
With its proximity to Kings Cross, Potts Point has always attracted its fair share of tourists and short-term residents looking to soak up Sydney’s world famous lifestyle. But it’s increasingly popular with local buyers and renters, particularly downsizers. These buyers are flocking to Potts Point after selling outside the area and now want a lock-up-and-leave apartment or terrace close to the cafés and restaurants they now have time to enjoy.
Sydney’s lockout laws are making waves at the Kings Cross end of the suburb, with some saying Potts Point could become a new development hub now that the area is that much more appealing to builders. But it will take a lot more than that to change the heart of Potts Point, which will be part of Sydney’s iconic east for many years to come.
