With a capital gain of 10.53% for the last 12 months, Double Bay, 2028 has performed for property investments than its average annual 7.71% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Double Bay has given property investors a paper return of 4.55%. This puts Suburb as 376 on a list of fastest fasting appreciating suburbs in NSW
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
With the median price for a house in Double Bay being $3675000 and the advertised rent reaching $1400 the gross rental yield for property investors calculates out to be 1.98%
If you compare the increase in value of investment property in Double Bay, 2028 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.23%.
Across a shorter period, Double Bay, 2028 has seen a median price increase of -10.65% over the last quarter.
Property buyers and investors in Double Bay 2028 should be seeing an average reduction in asking price of around -3.03% . This means that Double Bay is holding prices well when compared to other suburbs in NSW.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 2.98%, without taking into account capital value appreciation, which has been averaging out at 10.19%.