Double Bay

POSTAL CODE: NSW, 2028

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains DOUBLE BAY, 2028 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that DOUBLE BAY, 2028 obtained a 10.69% growth over a ten-year period. It ranks 4250th on our list of suburbs that property investors should look into.

DOUBLE BAY, 2028 in NSW belongs to the local government area of Woollahra.

DOUBLE BAY, 2028 has a capital gain of -2.93% for the past year, which is lower than average compared to its 75% growth within a five-year period.

With the median home price in DOUBLE BAY sitting at $7,280,000, and the average rent at $1225, property owners could potentially earn a 0.88% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in DOUBLE BAY are high, as opposed to average gains per annum over the past five years.

A steady increase in median property prices over a five-year period in DOUBLE BAY, 2028 translates to a -2.38% capital gain.

Property investors enjoyed capital gains of 2.5% over the last 12 months in DOUBLE BAY, translating to lower returns compared with its peers in NSW.

DOUBLE BAY, 2028 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,050,000.

Profits due to an downward trend in home prices in DOUBLE BAY, 2028 averaged -0.79% per annum over a 3-year period.

Home owners selling their properties and realtors in DOUBLE BAY usually have to wait an average of 53.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $1125 mark, reflecting a 2.85% increase in returns based on the current median price in DOUBLE BAY.

DOUBLE BAY, 2028 places 80th in Australia based on median property value growth during the quarter.

Surburb overview

Double Bay is an affluent harbourside suburb located approximately 4 kilometres east of the Sydney Central Business District. It is part of the Woollahra Council Local Government Area and is known for its sophisticated lifestyle, boutique shopping, and elegant dining scene. Often referred to as “Double Pay” due to its high-end real estate and luxury boutiques, Double Bay is a desirable residential area for affluent professionals, families, and retirees seeking a cosmopolitan lifestyle with proximity to the harbour and city.

According to the latest Census data, Double Bay has a population of around 4,642. The median age of residents is 42, reflecting a balanced demographic of established families, professionals, and older couples. A mix of stately heritage homes, modern apartments, and waterfront residences characterises the area.

Public transport in Double Bay is well-developed, providing easy access to the Sydney CBD and surrounding suburbs. Edgecliff railway station, located nearby on the T4 Eastern Suburbs & Illawarra Line, offers direct train services to the city. At the same time, regular bus routes connect Double Bay to Bondi Junction, Darling Point, and Paddington. The Double Bay ferry wharf also provides a scenic route to Circular Quay and other harbourside destinations, making it a popular option for commuters and visitors alike.

The heart of Double Bay is its bustling shopping and dining precinct along Knox Street, Bay Street, and New South Head Road. The area is home to a range of high-end fashion boutiques, gourmet cafes, and fine-dining restaurants, offering residents a sophisticated and diverse selection of amenities. Popular establishments include the InterContinental Hotel Double Bay, which provides luxury accommodation and dining, and the iconic Golden Sheaf Hotel, a popular social gathering spot.

Double Bay’s harbourside location is complemented by beautiful green spaces such as Steyne Park and Guilfoyle Park. Steyne Park, which borders the water, features picnic areas, playgrounds, and access to the Double Bay Marina, making it an ideal spot for outdoor activities and family outings. The nearby Redleaf Beach and Murray Rose Pool offer safe swimming areas and stunning views of Sydney Harbour, adding to the suburb’s appeal.

Educational facilities near Double Bay include Double Bay Public School and several private schools, such as Ascham School and Cranbrook School, which are also nearby, making it a convenient choice for families seeking quality education.

Double Bay continues to be one of Sydney's most prestigious and sought-after suburbs. Its luxurious lifestyle offerings, vibrant village atmosphere, and proximity to the harbour and the Sydney CBD provide residents with an exceptional standard of living in a prime location.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$7,280,000	$2,050,000
Growth Report
Median Quarterly	16.67%	6.49%
Median 12 month	-2.93%	2.5%
Median 3 years	27.27%	-2.38%
Median 5 years	75%	29.75%
10 years average annual	10.69%	6.32%
Weekly media advert. rent	$1,225	$1,125
Time on Market	103.5 days	53.5 days
Gross Rental Yield Percent	0.88%	2.85%

Demographics (Median Values)*

Total Population 4642

Weekly Household Income 2478

Household Size 2.10

Average Age 39

Monthly Loan Repayment 3000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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