Question 1

Is Bilgola Plateau a nice place to live?

Accepted Answer

Bilgola Plateau is a charming suburb that offers a delightful blend of natural beauty and suburban comfort, making it a wonderful place to call home. Known for its breathtaking views and serene atmosphere, this suburb is a haven for those seeking a peaceful lifestyle. The lush greenery and elevated position provide a picturesque backdrop for daily life, while the close-knit community fosters a welcoming and friendly vibe. Families are particularly drawn to Bilgola Plateau, thanks to its family-oriented environment and the presence of a well-regarded public school and local childcare options.

Living in Bilgola Plateau means enjoying the best of both worlds: a tranquil retreat with easy access to beautiful beaches and bushland reserves, as well as proximity to urban amenities. The small shopping village, complete with cafes and an upgraded IGA, caters to daily needs, while the nearby bus routes offer convenient connections to Mona Vale, Manly, and the CBD for commuting professionals. Safety is generally not a concern, contributing to the suburb's appeal for families and retirees alike.

However, there are some trade-offs to consider. The lack of major new transport projects or large-scale commercial developments means that while the suburb retains its peaceful charm, it may not suit those seeking a bustling urban lifestyle. Additionally, the elevated position and stunning views come with a premium, which can be reflected in property prices. Despite these considerations, Bilgola Plateau remains a highly desirable location for those who value a coastal lifestyle with a strong sense of community and natural beauty.

Question 2

Is it expensive to live in Bilgola Plateau?

Accepted Answer

Living in Bilgola Plateau can definitely be on the pricier side, especially when you consider the current property market. The median house price in this picturesque suburb is a staggering $2,663,000. With no units available, the housing options are limited to houses, which are quite an investment. Renting isn't exactly a budget-friendly option either, with the average rent for houses sitting at $1,325 per week.

When you compare this to the average full-time adult weekly earnings in Sydney, which are about $2,000, it becomes clear that a significant portion of one's income would be dedicated to housing costs in Bilgola Plateau. The median total household income in the suburb is $2,856 per week, which is higher than the average earnings in Sydney, but still, the high property prices and rents mean that living here requires a substantial financial commitment.

Overall, while Bilgola Plateau offers stunning views and a serene lifestyle, the cost of living, particularly in terms of housing, is quite high. If you're thinking of living in this charming suburb, it's essential to carefully evaluate your financial situation to ensure it aligns with the expenses associated with residing in such a desirable location.

Question 3

Is Bilgola Plateau a good place to invest?

Accepted Answer

Bilgola Plateau presents a unique investment opportunity, especially for those interested in the housing market. Over the past year, the suburb has experienced a 6.0% increase in median house values, indicating a healthy appreciation in property prices. This growth suggests a strong demand for houses in the area, which could be attributed to its scenic location and desirable lifestyle offerings. While the rental market for both houses and units has remained stable with no change in rent, this stability can be appealing for investors seeking consistent rental income without the volatility seen in other markets.

Although the median unit values have not seen an increase over the past year, the overall stability in the rental market suggests that Bilgola Plateau maintains a steady demand from renters. This could be due to its attractive coastal setting and family-friendly environment, making it a desirable place to live. The suburb's charm and lifestyle appeal are likely to continue drawing interest from both buyers and renters, providing a solid foundation for long-term investment potential. Overall, Bilgola Plateau offers a promising opportunity for investors looking for growth in house values and stable rental returns.

	Houses	Units
Median price Past 3 months	$2.56M	N/A
Change in value Past 12 months	1.8%	N/A
Sold Past 3 months	21	N/A
Median days on market Past 12 months	55	N/A
Average rent Past 12 months	$1395	N/A
Change in rent Past 12 months	7.3%	N/A

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