Should I buy in Wollstonecraft?
Suburb Report – Wollstonecraft, NSW, 2065
Location
Wollstonecraft is a pleasant harbourside suburb on the Lower North Shore of Sydney. It is five kilometres north-west of Sydney’s CBD and is only one square kilometre in area. Wollstonecraft is in the local government area of the Municipality of North Sydney and sweeps from the Pacific Highway down to the middle stretches of Sydney Harbour. Bordered by the affluent suburbs of Crow’s Nest, North Sydney and Greenwich, Wollstonecraft is distinguished by its fine homes and million dollar views of Balmain, Hunters Hill and Birchgrove.
Household Occupancy
The predominant age group in Wollstonecraft falls between 30-39 years. In relation to demographics, single parents make up the largest group of residents, occupying 34% of households. Childless couples make up 29% of the population, lone households 19% and couples with children a low 13%. Wollstonecraft has one of the largest proportions of renters on the Lower North Shore. 50% of residents are renting their homes, 25% own their homes outright and 23% are purchasers. Those who are purchasing their homes would be paying more than $2,000 a month in mortgage repayments. The majority of residents in Wollstonecraft are employed in professional occupations, earning salaries of greater than $103k per annum.
Average Prices
In 2010, the average sale price of houses in the area is $1,795,000. On average, this price tag will purchase a three to four bedroom, one to two bathroom home with a garage. In comparison, the average sale price of a two to three bedroom, one bathroom unit with car parking facilities is $677,024. Top sale prices for each category of $3,015,000 and $2,350,000, respectively, have been recorded in the last six months. 246 units and 17 houses were sold in Wollstonecraft in 2009.
The Properties
6/7 Boronia Street is a great investment opportunity or residence for the smaller family unit. The two bedroom, two bathroom, top-floor apartment is set in a peaceful, quiet street overlooking Newlands Park. It offers superb parkland views from the private roof terrace which is the perfect entertainment setting. The large balcony and sun-drenched courtyard also provide great living and entertainment opportunities. The apartment features open plan living and dining spaces, a lock-up garage and modern bathroom and kitchen facilities. It is only a short stroll to the hype of Crows Nest’s trendy cafes, restaurants and public transport.
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The Neighbourhood
Brennan Park is a heritage listed park in the heart of Wollstonecraft on Hazelbank Road. With a ‘Fantasy Garden’ theme, the park is a popular weekend spot for children and families in the region and offers spectacular views of Sydney Harbour. Berry Island Reserve is another popular recreation area for families, children and joggers wanting a scenic route. It features a variety of different playgrounds and a unique Aboriginal interpretive walking track through the bushland. A number of well sought-after schools are located in the surrounding suburbs of North Sydney and Crow’s Nest including North Sydney Boys, North Sydney Girls and Marist College North Shore. Nicam Foodstore is the local grocery store in Wollstonecraft, however there are no major retail stores.
Transport
Wollstonecraft is only a short drive from Sydney’s CBD, over the iconic Sydney Harbour Bridge. Buses operate frequently to and from the CBD via Wynyard Station. Wollstonecraft Railway Station is on the North Shore line of City Rail Network and is approximately a twenty minute trip to Central Station. Services run north to Hornsby and south to the CBD before continuing west to Burwood, Parramatta and Penrith.
Restaurants, Accommodation, Amenities
There are a few restaurants in the small area of Wollstonecraft including the very popular Ciccones Piazza and French cuisine of La Vieux Paris. However, most residents flock to the nearby suburbs of Waverton and Crows Nest where cafes and restaurants line the main streets. Whilst there are no major hotels in Wollstonecraft, the luxury 4-star apartments on Shirley Road are a great spot for family holidays and overnight business trips. It is approximately a five minute drive from Wollstonecraft to the North Shore and Rydges Hotels in North Sydney.
Want help?
Contact your local Mortgageport team consultant for further information on buying in Wollstonecraft and what loan best suits your needs.
