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Suburbs/localities in this Local Government Area: Darling Point 2027, Double Bay 2028, Edgecliff 2027, Bellevue Hill 2023, Point Piper 2027, Watsons Bay 2030, Woollahra 2025
4 thoughts on “Woollahra Municipal Council, NSW”
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Are you a real estate professional with an extensive knowledge of the Woollahra Municipal Council property market? Our members would love to hear from you! What is the market outlook for Woollahra LGA from your point of view? Share your insights in a comment below.
Hi Terry,
Could you please help with some numbers? the cap growth for double bay showing only 0.53% in 2021 YoY. But in the CoreLogic suburb profile, the growth shows more than 20%.
I am a bit confused, and could you help me to understand why there is a huge difference between HtAG and CoreLogic?
I am new to HtAG, so I am not yet familiar with the formula behind those numbers.
Hi Shuai.
In contrast to Corelogic, HtAG calculates suburb prices using a data fit procedure which is a lot more precise than the median price formula. You can find out more about Typical Price here https://www.htag.com.au/is-median-price-a-reliable-metric-for-property-investors/
In short, median price tends to fluctuate QoQ and YoY in suburbs with low sales volume (such as Double Bay) due to data sparsity. Typical price is a more reliable representation of the typical value of properties in this market.
Hi Terry,
Thanks for your quick reply and the article has answered my questions!
much appreciated!