Double Bay is an average performer in NSW when comparing median price capital growth over the last year. Double Bay gave property investors a average capital gain figure when compared to the rest of the state, with 7.38%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Double Bay has increased when compared to the 5 year average annual rate.
With the median price for a house in Double Bay being $3328750 and the advertised rent reaching $1525 the gross rental yield for property investors calculates out to be 2.38%
NSW has seen average median house prices change by 6.59% which means that Double Bay, 2028 has done well for property investors by showing a capital gain of 8.53% over the last year
If we look at median property appreciation over just the last three months, Double Bay has given property investors a paper return of 4.63%. This puts Suburb as 93 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Double Bay, 2028. Typically our figures indicate that -6.22% is being offered, which puts this NSW suburb at 436th most discounted overall in Australia.
A $710 per week rent on the median house gives suburb investors a gross yield of circa 2.64%, without taking into account capital value appreciation, which has been averaging out at 9.59%.