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Dover Heights suburb profile

Dover Heights is an affluent coastal suburb in Sydney's eastern suburbs, offering stunning panoramic views of the Sydney Harbour and the Pacific Ocean. Known for its luxurious homes and tranquil atmosphere, it provides a peaceful residential setting while being just 9km from the Sydney CBD. The suburb is characterized by its clifftop parks and walking trails, providing residents with ample opportunities for outdoor activities and breathtaking vistas. With its proximity to Bondi Beach and vibrant local amenities, Dover Heights is a highly sought-after location for families and professionals seeking an upscale lifestyle.

Dover Heights property market performance

Current median dwelling price$4,237,500Past 3 months

Property growth+24.3%Past 12 months

Dover Heights has experienced notable growth in the property market over the past 12 months. House values have increased by 7.3%, with the current median house price reaching $7.35 million. Meanwhile, unit values have seen a significant rise of 39.6%, albeit from a low base. Over the last three months, 11 houses and 7 units were sold, with houses spending a median of 53 days on the market, reflecting solid demand.

The rental market in Dover Heights has shown a varied pattern. The average rent for houses has remained stable over the last year at $2800, while unit rents have risen by 16.7%, now averaging $1050, indicating increased demand for rental units in the area.

HousesUnits
Median price
Past 3 months
$6.97MN/A
Change in value
Past 12 months
6.9%41.6%
Sold
Past 3 months
186
Median days on market
Past 12 months
53N/A
Average rent
Past 12 months
$3500$1100
Change in rent
Past 12 months
25.0%22.2%

5 year median price trend for houses and units

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Dover Heights demographics

Dover Heights, a prestigious suburb in Sydney's Eastern Suburbs, is renowned for its stunning coastal views and affluent lifestyle. With a population of 4,044, it offers a serene residential environment while being conveniently close to the bustling city. The median age of 41 suggests a mature community, often comprising established families and professionals who appreciate the suburb's tranquility and proximity to the ocean.

The suburb's high median household income of $3,877 per week reflects its affluent status, attracting those who seek a high standard of living. Family life is prominent in Dover Heights, with 54.1% of households being couple families with children, indicating a strong community focus on family-oriented living. Additionally, 34.2% of households are couple families without children, highlighting the suburb's appeal to both growing families and those enjoying a quieter lifestyle.

Property ownership in Dover Heights is predominantly outright, with 43.8% of homes owned outright and 36.4% owned with a mortgage, showcasing a stable and established property market. The rental market is relatively small, with only 19.8% of properties being rented, which underscores the suburb's appeal to long-term residents. With its breathtaking views, family-friendly atmosphere, and proximity to Sydney's amenities, Dover Heights remains a sought-after location for those seeking an upscale and peaceful lifestyle.

Suburbs near Dover Heights

Some popular suburbs near Dover Heights include:

How does Dover Heights compare to nearby suburbs?

  • Median house prices: Dover Heights’s median house price is 7.6% higher than Rose Bay’s.
  • Median unit prices: Dover Heights’s median unit price is 6.1% higher than North Bondi’s.
  • House price growth: Over the past 12 months, house prices in Dover Heights have grown 8.4% higher than in North Bondi.
  • Unit price growth: Over the past 12 months, unit prices in Dover Heights have grown 46.1% higher than in Rose Bay.
  • Selling speed for houses: Properties in Dover Heights are selling 30.3% faster than in Rose Bay.
  • Investment considerations: In Dover Heights, the rental yield for house is 284.2% higher than the Sydney average, while the rental yield for units is 40.7% higher.
  • House price growth: Over the past 12 months, house prices in Dover Heights have grown 280.4% higher than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Dover Heights have grown 101.0% higher than the average rate of growth for units across Sydney.

Choose the right real estate agents in Dover Heights

Currently, there are 34 real estate agents working in Dover Heights—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 34 agents sold 35.8% of all properties in Dover Heights over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Dover Heights typically charge a commission of 1.77% to 2.03%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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