503/1 Watson Street · Neutral Bay NSW 2089

Neutral Bay suburb intelligence · all Sydney suburbs · building dossier

Neutral Bay suburb ← Back to board
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Currently listed — $850,000

1 bed · 1 bath · 1 car · ApartmentUnitFlat

View the live listing →

The Property Brief — what the evidence shows. You draw the conclusion.

CONSERVATIVE
$813k
the calibrated floor
LIKELY FAIR RANGE
$813k–$1.01M
around $910k mid
STRETCH CAP
$1.01M
$1.1M on the wider 80% band

Confidence: High — based on 132 comparable auction sales (30 of this exact configuration) · model runs ±11% for this configuration · the model's typical miss is ~11% against published results — every hit and miss

What we've tracked

  • 29 Apr 2026 listed by the agency (portal date)
  • 20 Aug 2026 asking $850k
  • 28 Aug 2026 on market 120 days — portal listing date

Comparable auction sales

AddressConfigSoldWhen
9/116 Wycombe Rd1 bd · 1 ba$855kJuly 2025
18/19A Young St1 bd · 1 ba$690kJune 2025
16/88 Bent St1 bd · 1 ba$851kMay 2025

Suburb risk flags

crime index: 31 — below sydney average · 17 min walk to Neutral Bay Wharf · ~12 min ferry to the CBD · trains ~every 4 min at peak

Where every number comes from
  • Fair value: AI PropertyEye price model 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
  • Comps: published Domain auction results for Neutral Bay — suburb × configuration matches, not hyper-matched to this address
  • Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
  • Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment

⏱ Days on market — this campaign

120 days since our daily sweep first saw this listing.

The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.

Rent evidence — asking vs transacted, Neutral Bay · postcode 2089

$591–$748/wk is what 1-bed units in 2089 actually transact for (middle half of 58 bonds lodged, Q2 2026 · median $685/wk — NSW Fair Trading, CC BY).


2019Q1 → 2026Q2: $570 → $800/wk · +5% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2089, all bedroom counts pooled.

Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.

Growth trend — Neutral Bay units at auction

Measured like-for-like growth ≈ -3.3%/yr — 2-bed sold-price medians across 16 quarters (35 sales).

Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.

Similar properties — on the market now

The 6 listings above are on the market now: same unit category, within 1 bedroom of 1, asking within 20% of this one, in Neutral Bay or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.

Want the numbers agents don't volunteer?

Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.

Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.