Thank you for visiting MADDISONS Real Estate Mosman.
MADDISONS Real Estate specialise in residential sales in Sydney's Lower North Shore.
If you are considering buying or selling a property in McMahons Point, whether it be an apartment, semi, townhouse or house, please contact MADDISONS on
9960 3444.
McMahons Point Real Estate is in high demand for a number of reasons, its most obvious reason is its close proximity to Sydney CBD. Please see statistics below for more information. Property prices are consistent in McMahons Point. There is a great mix of real estate in the way of apartments, semis, terraces, townhouses and houses.
STATISTICS
McMahons Point is a harbourside suburb on the Lower North Shore of Sydney. It was named after Maurice McMahon, an Irish manufacturer of brushes and combs who built his home on the headland in 1864.
The leafy suburb and sits on the peninsula in between Berrys Bay to the west and Lavender Bay to the east. The lower tip of the peninsula is known as Blues Point, which offers expansive views of Sydney Harbour.
The most famous icon of McMahons Point is the Blues Point Tower – a 24 level apartment block built in 1962 by Harry Seidler and Associates. It was an important landmark architecturally, socially and legally. With the introduction of strata title, it allowed property ownership to be that much more accessible.
Once predominantly working-class, it is now among Sydney's most exclusive localities. Apartments, terrace houses, semi and free standing houses make up the medium to high-density residential area and is bordered by the surrounding suburbs of Waverton, North Sydney and Lavender Bay.
McMahons Point offers one school, one childcare centre and nine parks to let your kids run free! The population in 1996 was 2,507 people. By 2006 the population was 2,051 showing a population decline of 18% in the area during that time.
The predominant age group in McMahons Point is 25-54 years. In general, residents work in a professional occupation.
Households are primarily couples without children and are likely to be repaying between $2500 per month on mortgage repayments. In 1996, 30% of the homes in McMahons Point were owner-occupied compared with 43% in 2006.
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