Grays Point vs Gymea Bay: true annual running costs compared (2026)
Last updated July 2026 · council rates current NSW schedules, ATO 88c/km, Opal & Translink fares, AER electricity benchmarks
Grays Point and Gymea Bay are both Sutherland rates (OLG suburbs, sitting 23.8 km and 23.1 km from Sydney CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
Gymea Bay runs $748 a year cheaper than Grays Point, driven mostly by home insurance. Over 10 years at 3% growth that gap compounds to about $8,575.
Over 10 years, Gymea Bay costs about $8,600 less to run than Grays Point — the same as paying $8,600 less for the home. It's the cost no listing shows you.
Get the free report: 10-year costs, flood & fire risk, crime, schools and overall verdict →Grays Point
Gymea Bay
Annual cost breakdown
| Category | Grays Point | Gymea Bay | Difference |
|---|---|---|---|
| Council rates | $1,617 | $1,617 | - |
| Water & sewerage | $1,548 | $1,548 | - |
| Commute (driving) | $5,650 | $5,552 | +$98 |
| Commute (public transport) | $2,400 | $2,400 | - |
| Home insurance | $2,950 | $2,300 | +$650 |
| Body corporate (unit) | $2,300 | $2,300 | - |
| Total (driving) | $11,765 | $11,017 | +$748 |
| Total (public transport) | $8,515 | $7,865 | +$650 |
Green = cheaper. Commute: ATO 88c/km, 220 working days. Insurance AI-estimated; actual premiums vary. Council rates: average residential rate (NSW, IPART-uplifted).
| Dwelling | Grays Point | Gymea Bay | Difference |
|---|---|---|---|
| House | $2,148 | $2,148 | - |
| Unit | $1,716 | $1,716 | - |
Estimated from AER residential benchmarks for each suburb's climate zone at 2025 rates (QLD 30c/kWh, NSW 33c/kWh incl. supply charge; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown — Grays Point vs Gymea Bay (2026-27)
What the numbers show
Gymea Bay costs $748 less per year to run by car. Held over ten years at 3% annual cost growth, that gap compounds to $8,575 in favour of Gymea Bay.
The biggest single gap is home insurance at $650 per year. Grays Point carries high flood risk, which pushes estimated premiums higher.
On public transport the gap is $650 per year, $8,515 from Grays Point versus $7,865 from Gymea Bay.
10-year cumulative cost projection
| Year | Grays Point cumulative | Gymea Bay cumulative | Difference |
|---|---|---|---|
| Year 1 | $11,765 | $11,017 | $748 |
| Year 3 | $36,364 | $34,052 | $2,312 |
| Year 5 | $62,462 | $58,491 | $3,971 |
| Year 10 | $134,873 | $126,298 | $8,575 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Grays Point or Gymea Bay cheaper to live in?
Gymea Bay is cheaper to run by car at $11,017 per year versus $11,765 for Grays Point, a difference of $748 annually. Figures cover council rates, water, commute (ATO 88c/km), and home insurance. Source: SuburbCost 2026 data.
What are council rates in Grays Point and Gymea Bay?
Annual council rates for a house are $1,617 in Grays Point (Sutherland rates (OLG) and $1,617 in Gymea Bay (Sutherland rates (OLG). Water and sewerage adds $1,548 in Grays Point and $1,548 in Gymea Bay. Both figures are the average residential rate reported to the Office of Local Government, uplifted by each council's IPART rate peg.
How does the commute cost compare between Grays Point and Gymea Bay?
Annual driving commute costs are $5,650 from Grays Point and $5,552 from Gymea Bay to Sydney CBD (ATO 88c/km). Public transport costs $2,400 from Grays Point and $2,400 from Gymea Bay.
What is the 10-year cost difference between Grays Point and Gymea Bay?
At 3% annual cost growth, Grays Point costs a cumulative $134,873 and Gymea Bay costs $126,298 over 10 years by car. The cumulative difference is $8,575 in favour of Gymea Bay. Excludes purchase price, mortgage, and personal expenses.
Which of Grays Point and Gymea Bay is best to actually live in?
You've got the costs. Get the free personalised report for the rest: a clear verdict on which suburb wins, the full flood, fire and crime risk profile, nearest schools, estimated electricity cost by number of occupants, and your own loan or rent stress-tested over 10 years. No spam.
Related comparisons
Sources: Sutherland rates (OLG and Sutherland rates (OLG rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 88c/km, and SuburbCost AI insurance estimates. Data updated July 2026.