The rental market in Neutral Bay (2089) reflects both the suburb's desirability to tenants and the supply of investment properties in the area. Median weekly rent, gross rental yield, and vacancy rate are the three headline signals shown on this page. Data is sourced from NSW Government property records and updated regularly. Neutral Bay is part of the North Sydney local government area.
Can I afford Neutral Bay?
Rental market in Neutral Bay
Median weekly rent from lodged bonds. Sep 2025. Based on 125 new bond lodgements this quarter.
Rents here are at the higher end for Sydney. Higher holding costs for investors; higher savings pressure for renters.
Median weekly rent · Unit · 2 bed
$830per week
Sep 2025 · 125 bonds lodged
Quarterly trend · last 12 quarters
Nearby suburbs · same combination
Cremorne2090
$875▲$45
0.8 km away
Lavender Bay2060
$950▲$120
1.2 km away
Kirribilli2061
$1,030▲$200
1.2 km away
Cammeray2062
$800▼$30
1.6 km away
NSW DCJ Rental Bond Board↗ · Sep 2025 · CC BY. Cells with 10 or fewer bond lodgements are suppressed; cells with 30 or fewer have the bond count suppressed but rent published. Figures are transacted rents, not asking rents.
Rental yield in Sydney's established suburbs tends to run below the broader market because capital growth expectations are already priced into sale prices. If Neutral Bay shows a gross yield meaningfully above 4%, it is worth checking whether that reflects genuine demand or a subdued sale price (which can itself be a signal of weaker capital growth prospects). Strong yield and strong capital growth in the same suburb is uncommon but does occur in transition areas.
