Tamarama is located in the Eastern suburbs and situated 9.1km from the Sydney CBD.
Tamarama is mostly comprised of units. Residex reports 56% of all housing is units, 14% is semi-detached and 17% is houses. 13% is commercial/other. Age mix for the area is 0 to 29 yo 31%, 30 to 49 yo is 46%, 50 & above is 23%.
According to Residex, Tamarama experienced market growth of around 40.5% from February 2015 to January 2020. Tamarama attracts high income people and families as home buyers and renters. So, it's seen as very attractive both, as a place to live, and a safe haven to invest in.
Tamarama is a cosy eastern suburb wedged between Bondi and Bronte it certainly has the best of everything. With walking access in most of the suburb to some of Australia’s most beautiful beaches and parks and not without its charms when it comes to cafes and dinning. The annual “sculptures by the sea” festival always produces some interesting pieces at Tamarama Beach!
Tamarama has its own share of great cafes and restaurants. The suburb is also surrounded by world class amenities. The entertainment quarter at fox studios often hosts the touring Cirque Du Soleil shows as well as having a great cinema complex with old world character and charm in Randwick. Also did we mention the world famous beaches?
Tamarama is the middle of the famous Bondi to Bronte walk as well as being close to a number of public ocean baths, parks and any number of things for the young or young at heart to take part in.
Tamarama is surrounded by suburbs with public schools and is within driving distance of the most prestigious private schools in the country including Sydney Grammer, Montessori East, Kincoppal, The Scots College and Cranebrook.
Price growth in recent years has been good in Tamarama for units with prices increasing 40.5% in the five years to now and 42% for houses. Residex notes 0.88% of properties in the suburb are currently on the market with an average time of 30 days on the market.
Residex notes the median house price now sits at around $4,685,000. Median unit price is $1,644,000 in Tamarama.
Munro Donen is our local expert Buyers Agent in the Eastern Suburbs Region. With exceptional local knowledge, Munro is the best buyers advocate to have on your side searching for a property in Tamarama, please call us on 1300 655 615, email us, or send us your buyers wishlist today by clicking here. If you would like to know the latest median values and statistics for Tamarama, call us today on 1300 655 615.
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