Suburb Profile Report for Double Bay NSW (2028)

Double Bay House: Median price $3,515,000, Annual capital growth 6.77%, Number of sales 42, Weekly median advertised rent $1,690

Double Bay Unit: Median price $1,400,000, Annual capital growth 9.80%, Number of sales 92, Weekly median advertised rent $723

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$3,515,000 $1,400,000
0.00% -13.04%
8.15% 10.89%
6.77% 9.80%
$1,690 $723
42 92
2.50% 2.68%
68.78 70.21

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4686
Median household income ($/weekly) 2277
Median age of persons 38
Median housing loan repayment ($/monthly) 3000
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 973 20.8
    35-44 years 669 14.3
    45-54 years 540 11.5
    55-64 years 520 11.1
    65-74 years 412 8.8
    Others 1573 33.6
    Age Group
    Census Count Percent(%)
    Not Married 1657 48.6
    Registered Married 1290 37.9
    Defacto Relationship 460 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2660 64.3
    Papua New Guinea 148 3.6
    South Africa 162 3.9
    United Kingdom 302 7.3
    Other 336 8.1
    Others 532 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 1.4
    Christianity 2362 59.4
    Islam 38 1.0
    Judaism 530 13.3
    No Religion 957 24.1
    Others 34 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 113 6.5
    $1,500-$1,999 192 11.0
    $2,500-$2,999 356 20.4
    $3,000-$3,499 152 8.7
    $4,000 or more 232 13.3
    Others 697 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1739 47.8
    Not in the labour force 1055 29.0
    Employed, worked part-time 626 17.2
    Employed, away from work 120 3.3
    Unemployed, looking for work 97 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 509 20.5
    Professionals 1056 42.5
    Community & personal service workers 165 6.6
    Clerical & administrative workers 311 12.5
    Sales 220 8.9
    Others 223 9.0
    Occupation
    Census Count Percent(%)
    Pre-school 60 6.9
    Infants/Primary 197 22.7
    Secondary 229 26.4
    Technical or Further Educational Institution 51 5.9
    University or other Tertiary Institutions 301 34.7
    Others 30 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2652 66.8
    Separate house 825 20.8
    Semi-detached, row or terrace house, townhouse 491 12.4
    Caravan, cabin, houseboat 4 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 827 43.0
    Fully owned 695 36.1
    Being purchased 389 20.2
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
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