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 5.47% growth over a ten-year period. It ranks 1413th 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 1.78% for the past year, which is lower than average compared to its 44.04% growth within a five-year period.
With the median home price in DOUBLE BAY sitting at $4,000,000, and the average rent at $1690, property owners could potentially earn a 2.2% 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.
A steady increase in median property prices over a five-year period in DOUBLE BAY, 2028 translates to a 3.29% capital gain.
Property investors enjoyed capital gains of 3.29% 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 $1,446,000.
Profits due to an upward trend in home prices in DOUBLE BAY, 2028 averaged 1.1% per annum over a 3-year period.
Home owners selling their properties and realtors in DOUBLE BAY usually have to wait an average of 61.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $760 mark, reflecting a 2.73% increase in returns based on the current median price in DOUBLE BAY.
DOUBLE BAY, 2028 places 447th in Australia based on median property value growth during the quarter.