The real estate market knows no match when it comes to Sydney’s eastern suburbs.
Especially when we’re discussing where you should invest $3 million dollars.
What does $3 million looks like?
By anyone’s measure, $3 million is a very healthy budget. Depending on where in the Eastern suburbs you’re looking to buy, you’ll find that $3 million can score an array of stunning properties.
One of the unique, enviable aspects of Sydney’s eastern suburbs is the variety it offers its residents in terms of lifestyle. At any one time, you can be near some of Sydney’s iconic beaches, or in the heart of luxury shopping or trendy café scenes. Plus, this area plays host to some of the most coveted schools in Sydney.
When it comes to picking your location within the east, $3 million will undoubtedly secure you an enviable, family friendly property. Ultimately it depends on what suits your lifestyle and preferences. But wherever you reside, we’re sure the charms of Sydney’s east will capture you for the long run.
As of May 2019, North Bondi houses had a median price of $2,520,000, meaning that at the $3 million marks you could potentially purchase a renovated four bedroom house. Across in Woollahra the median price comes in at $3,177,500 and could see you settled in a two or three bedroom property, with access to a parkside lifestyle and conveniences.
House or unit?
The $3 million dollar mark will make way for a selection of medium-sized homes and spacious apartments, perfect for couples or families.
Both Bondi and Bondi Junction have a selection of luxury units sitting below the $3 million marks, and newly-refurbished three or four bedroom houses with water views are also within reach.
If it’s water views you’re after, Elizabeth Bay is the perfect place to find a stunning two or three bedroom apartment with views to match the décor.
Luxury apartments offering two or three bedrooms are also a great drawcard for the Surry Hills market at $3 million. New build units offer sweeping views of the city skyline and will set you at the front door of the vibrant inner-city scene.
If you’re after an established home, Paddington and Surry Hills have a host of Victorian and Federation two-story terraces that sit comfortably at this price point. With classic charms and modern luxuries, it’s hard to go past these gems.