If you compare the increase in value of investment property in Double Bay, 2028 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.15%.
Comparing Double Bay,2028 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Residents and property investors in Double Bay have been waiting around 68.78 days to sell a property.
Double Bay is 1048th on a list of best yielding suburbs for rents in NSW with a 2.50% return
Investment property in Double Bay has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.89%
Double Bay,2028 has offered an average of 10.89% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Double Bay are currently offering property investors an average price cut of -2.53% below the asking price at the moment.
On average over the past year, suburb has had 7.67 sales per month, which equates to 92 per year.
A $722.5 per week rent on the median house gives suburb investors a gross yield of circa 2.68%, without taking into account capital value appreciation, which has been averaging out at 9.80%.