With a capital gain of -12.22% for the last 12 months, Double Bay, 2028 has performed for property investments than its average annual 7.62% property growth over the last 5 years.
Across a shorter period, Double Bay, 2028 has seen a median price increase of -3.51% over the last quarter.
The NSW suburb of Double Bay, 2028 is in the Woollahra (A) local government area.
Property investors who have had real estate in Double Bay, 2028 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -24.05%
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.
Often selling an investment property can take time, and in Double Bay the average time real estate has been on the market is 88.65 days.
Using the current median advertised rental of $800 and the average annual increase in value of a median property of 6.67%, investors should hope to achieve an overall return of 3.65%