Suburb Profile Report for Double Bay NSW (2028)

Double Bay House: Median price $4,225,000, Annual capital growth 7.29%, Number of sales 26, Weekly median advertised rent $1,680

Double Bay Unit: Median price $1,420,000, Annual capital growth 10.63%, Number of sales 101, Weekly median advertised rent $740

  • 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 very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 30.00%.

Over the longer term, Double Bay has seen property prices show investors a 45.44% return over the last 3 years. This is worse than over the last 12 months

Advertised rents are around the $1680 mark per week – giving a return of 2.07% based on the median price in Suburb

At number 1483th in the list of Australian suburbs ordered by increase in median house value over the last year, Double Bay, 2028 is in the BOTTOM 20% with a property value increase of -7.22% recorded in median house prices.

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.

LACK OF BUYER INTEREST may well be the reason that Double Bay is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 216th in terms of most discounted suburbs in NSW

Metrics i HOUSE UNIT
$4,225,000 $1,420,000
8.33% 1.43%
30.00% -7.22%
7.29% 10.63%
$1,680 $740
26 101
2.07% 2.71%
N/A 61.18

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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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