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