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Problem is we also love the beach and the Eastern Suburbs is congested and way over priced.
It's not overpriced. It's just more expensive. Close to the beach and city, right on the harbour, easy airport access, good schools etc etc makes it desirable. It's congested, but no more than anywhere else. Try Military Road Mosman, if you're game. You move close to the city, the traffic is unavoidable. Same as any major international city really.