18/40 Military Rd, Neutral Bay NSW 2089
Neutral Bay Unit
Technical details
How this sale compares
Sold for $998,500 in Mar 2025, up $8,500 (1%) on the $990,000 paid in Apr 2024.
Over the same period the median unit price in Neutral Bay fell 3%, from $1,290,000 in 2024 to $1,255,000 in 2025.
The 2025 sale was 20% below the Neutral Bay median unit price for that year ($1,255,000 across 252 sales).
Since then the median unit price in Neutral Bay has risen 3%, from $1,255,000 in 2025 to $1,295,000 over the last 12 months (182 sales).
Neutral Bay medians use NSW Valuer General sales of $50,000 or more, leaving out part-interest transfers and contracts covering several properties, and need at least 10 sales in the period. See Neutral Bay sold prices by year.
Rent and yield
Units in postcode 2089 rented for a median $800 a week, from 825 bonds lodged Oct 2025 to Sep 2026.
On its last sale of $998,500 on 21 Mar 2025, that rent is a gross yield of 4.2% a year, before costs and vacancies.
Median weekly rents from residential rental bonds lodged with NSW Fair Trading, by postcode. This home's own rent may differ. See rents by bedrooms in Neutral Bay.
Related sales
Sale history
Sold is the contract date, when the sale was agreed. Settled is the date ownership transferred.
| Beds | Baths | Cars | Title reference | |||
|---|---|---|---|---|---|---|
| 21 Mar 2025 | 2 May 2025 | $998,500 | - | - | - | 18/SP14699 |
| 12 Apr 2024 | 24 May 2024 | $990,000 | - | - | - | 18/SP14699 |
| 30 Jun 2017 | 30 Jun 2017 | $950,000 | - | - | - | 18/SP14699 |
$998,500 Sold 21 Mar 2025
Settled2 May 2025
Beds-
Baths-
Cars-
Title reference: 18/SP14699
$990,000 Sold 12 Apr 2024
Settled24 May 2024
Beds-
Baths-
Cars-
Title reference: 18/SP14699
$950,000 Sold 30 Jun 2017
Settled30 Jun 2017
Beds-
Baths-
Cars-
Title reference: 18/SP14699
Other sales at 40 Military Rd
The most recent sales of other units in this building. See every sale in the building.
| Beds | Baths | Cars | Title reference | ||||
|---|---|---|---|---|---|---|---|
| 5 | 3 Mar 2026 | 2 Apr 2026 | $1,618,888 | - | - | - | 5/SP14699 |
| 20 | 25 Jan 2024 | 29 Feb 2024 | $1,315,000 | - | - | - | 20/SP14699 |
| 16 | 20 May 2022 | 17 Jun 2022 | $910,000 | - | - | - | 16/SP14699 |
| 11 | 27 Apr 2022 | 8 Jun 2022 | $900,000 | - | - | - | 11/SP14699 |
| 7 | 11 Mar 2021 | 22 Apr 2021 | $875,000 | - | - | - | 7/SP14699 |
| 3 | 27 Feb 2020 | 9 Apr 2020 | $960,000 | - | - | - | 3/SP14699 |
| 19 | 8 Feb 2020 | 23 Mar 2020 | $1,190,000 | - | - | - | 19/SP14699 |
| 6 | 9 Mar 2019 | 23 Apr 2019 | $1,239,000 | - | - | - | 6/SP14699 |
| 17 | 14 Jun 2018 | 3 Aug 2018 | $900,000 | - | - | - | 17/SP14699 |
| 10 | 26 May 2017 | 7 Jul 2017 | $910,000 | - | - | - | 10/SP14699 |
$1,618,888 Sold 3 Mar 2026
Title reference: 5/SP14699
$1,315,000 Sold 25 Jan 2024
Title reference: 20/SP14699
$910,000 Sold 20 May 2022
Title reference: 16/SP14699
$900,000 Sold 27 Apr 2022
Title reference: 11/SP14699
$875,000 Sold 11 Mar 2021
Title reference: 7/SP14699
$960,000 Sold 27 Feb 2020
Title reference: 3/SP14699
$1,190,000 Sold 8 Feb 2020
Title reference: 19/SP14699
$1,239,000 Sold 9 Mar 2019
Title reference: 6/SP14699
$900,000 Sold 14 Jun 2018
Title reference: 17/SP14699
$910,000 Sold 26 May 2017
Title reference: 10/SP14699
Recent sales on Military Rd
Sold in the last two years.
- 62/260 Military Rd, Neutral Bay 2089 $310,000 sold 23 Jul 2026
- 41/260 Military Rd, Neutral Bay 2089 $275,000 sold 22 Jul 2026
- 2/260 Military Rd, Neutral Bay 2089 $930,000 sold 8 Jul 2026
- 302/128 Military Rd, Neutral Bay 2089 $790,000 sold 12 Jun 2026
- 23/81 Military Rd, Neutral Bay 2089 $1,565,000 sold 3 Jun 2026
- 309/99 Military Rd, Neutral Bay 2089 $780,000 sold 1 Jun 2026
- 126/260 Military Rd, Neutral Bay 2089 $790,000 sold 27 May 2026
- 85/260 Military Rd, Neutral Bay 2089 $685,000 sold 7 May 2026
Recent sales nearby
Sold in the last 12 months within about 400 metres.
- 138/21 Grosvenor St, Neutral Bay 2089 $2,450,000 sold 18 Sep 2026
- 7/45 Grasmere Rd, Cremorne 2090 $3,500,000 sold 5 Sep 2026
- 201/1 Watson St, Neutral Bay 2089 $1,300,000 sold 3 Sep 2026
- 10/18 Byrnes Ave, Neutral Bay 2089 $631,000 sold 28 Aug 2026
- 506/22 Sutherland St, Cremorne 2090 $1,363,000 sold 26 Aug 2026
- 2/41 Sutherland St, Cremorne 2090 $2,110,000 sold 13 Aug 2026
- 2/24 Grosvenor St, Neutral Bay 2089 $2,180,000 sold 24 Jul 2026
- 3/25 Grasmere Rd, Cremorne 2090 $1,711,800 sold 17 Jul 2026