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Double Bay
AREA REPORTS

Double Bay

Double Bay - SUBURB PROFILE REPORT
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 3.32% growth over a ten-year period. It ranks 2564th on our list of suburbs that property investors should look into.

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

DOUBLE BAY, 2028 has a capital gain of -4.09% for the past year, which is lower than average compared to its 28.99% growth within a five-year period.

With the median home price in DOUBLE BAY sitting at $4,160,000, and the average rent at $1447.5, property owners could potentially earn a 1.81% increase in gross rental yield.

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

Data report can be found below

Double Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $4,160,000 $1,600,000
GROWTH REPORT
Median Quarterly 0% 1.27%
Median 12 month -4.09% 16.36%
Median 3 years 0.67% -1.54%
Median 5 years 28.99% 26.73%
10 years average annual 3.32% 9.03%
Weekly media advert. rent $1447.5 $700
Time on Market 0.0 days 71.4 days
Gross Rental Yield Percent 1.81% 2.28%
demographics (median values)*
Total Population
4642
Weekly Household Income
2478
Household Size
2.10
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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