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The Lower North Shore is home to some of Sydney’s most prestigious harbourside suburbs – Mosman, Cremorne Point, Neutral Bay, Kirribilli, Milsons Point, Lavender Bay, as well as pockets of quiet suburban living in Northbridge, Cammeray, Lane Cove, and Kirribilli. Median house prices range from the high $2 million mark in Neutral Bay and Cremorne to mid-$3 million for North Sydney and Cammeray, increasing further past $5 million in Mosman and waterfront peninsulas like Cremorne Point and Longueville.
Despite price premiums, many buyers perceive the Lower North Shore as more valuable for the allure of surf beaches, open spaces, and harbourside living. This sentiment has driven consistent demand in the Lower North Shore’s markets – which requires buyers to have a more intentional search process.
Average property price
Regional house price growth over 10 years since 2014
Rental vacancy rate
Median property prices in the Lower North Shore have increased by more than 400% in the last 25 years. In 2011, the average Mosman house cost $2.3 million; by 2020 the same property was valued at $3.55 million.
2000: ~$1.0 million
2005: ~$1.6 million
2011: ~$2.3 million
2015: ~$2.9 million
2020: ~$3.55 million
2025: ~$5.0–5.6 million
Note: *The figures above combine house and unit medians across the broader Lower North Shore, drawing on CoreLogic/Cotality suburb reporting, Domain Group data, ABS dwelling data, and historical reporting from local agents.
Limited supply is the key factor driving the Lower North Shore’s potential for growth. With finite land across the region from Cammeray to Mosman, buyers have to understand that the region is developed; the only new growth is in the form of apartment developments.
Scarcity is what makes the value of property and land on the Lower North Shore so valuable and resilient to market fluctuations. And as the Lower North Shore becomes increasingly attractive to downsizers and younger families from the inner west and eastern suburbs, there is a strong indication that property values in the region will continue to grow.
One and two-bedroom apartments in Neutral Bay, Cremorne and parts of North Sydney. The NSW First Home Buyer Grant applies to properties under $1.5 million, boosting demand for apartments in these suburbs.
Larger apartments across Mosman (unit median ~$1.4M), Cremorne Point and Kirribilli. This is the entry point for freestanding stock in the western pockets like Naremburn, Lane Cove and Lane Cove North.
Houses in Cammeray, North Sydney and the more accessible streets of Mosman. Cremorne Point houses sit at the $4.9 million median.
Longueville (~$6.4M median), Mosman (~$5.8M median), Cremorne Point, and Kurraba Point are all within reach with a $5M-$7M budget.
Mosman, Kurraba Point and Cremorne Point offer trophy homes that rarely reach the open market.
A large share of properties in the Lower North Shore never reach the public market. Working with an experienced buyers agent can reveal pre-market stock outside of major listing portals that present ripe opportunities for buyers.
Freestanding homes are particularly sought after and tightly held, creating a competitive environment where well-located properties attract strong interest from both local families and relocating buyers. Stock moves quickly when due to the high demand, requiring a buyers agent’s expertise for negotiations.
Harbour-adjacent family homes in Mosman and Kirribilli behave very differently from executive townhouses in Cammeray and Cremorne, or high-end apartments in Milsons Point and Neutral Bay. Understanding which logic applies to each pocket is what separates a good purchase from an overpaid property.
The Lower North Shore rewards long-term capital appreciation over yield. A big structural shift worth acting on is added infrastructure in the form of new Metro stations at Crows Nest and Victoria Cross, which add transport alternatives to the CBD – a compelling factor for investors.
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Artarmon, Balmoral, Cammeray, Castlecrag, Cremorne, Cremorne Point, Crows Nest, Greenwich, Kirribilli, Kurraba Point, Lane Cove, Lane Cove North, Lane Cove West, Lavender Bay, Linley Point, Longueville, McMahons Point, Middle Cove, Milsons Point, Mosman, Naremburn, Neutral Bay, North Sydney, Northbridge, Northwood, Riverview, St Leonards, The Spit, Waverton, Willoughby, Willoughby East, Wollstonecraft, Woolwich.