‘Zero spread’ opens up property-buying opportunities
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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 6.01% growth over a ten-year period. It ranks 1289th 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 -13.89% for the past year, which is lower than average compared to its 40.91% growth within a five-year period.
With the median home price in DOUBLE BAY sitting at $3,875,000, and the average rent at $1847.5, property owners could potentially earn a 2.48% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $3,875,000 | $1,285,000 |
| GROWTH REPORT | ||
| Median Quarterly | -8.54% | -4.46% |
| Median 12 month | -13.89% | -14.05% |
| Median 3 years | 20.16% | -20.19% |
| Median 5 years | 40.91% | 36.7% |
| 10 years average annual | 6.01% | 7.97% |
| Weekly media advert. rent | $1847.5 | $800 |
| Time on Market | 0.0 days | 86.8 days |
| Gross Rental Yield Percent | 2.48% | 3.24% |
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