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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 7.99% growth over a ten-year period. It ranks 539th 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 41.15% for the past year, which is higher than average compared to its 86.72% growth within a five-year period.

With the median home price in DOUBLE BAY sitting at $5,975,000, and the average rent at $1535, property owners could potentially earn a 1.34% 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 41.15% increase in median property prices in DOUBLE BAY, 2028 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 65th.

Data report can be found below

Double Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $5,975,000 $1,762,500
GROWTH REPORT
Median Quarterly 23.45% 5.54%
Median 12 month 41.15% 30.56%
Median 3 years 27.13% 17.42%
Median 5 years 86.72% 8.46%
10 years average annual 7.99% 10.89%
Weekly media advert. rent $1535 $700
Time on Market 0.0 days 73.9 days
Gross Rental Yield Percent 1.34% 2.07%
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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