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Double Bay, NSW 2028

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Double Bay, NSW 2028 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Double Bay, NSW 2028”

  1. The total adult population (15 years or older) of Double Bay 2028 NSW is 4,126, with a median age of 39. Of those, 39.84% are married, 11.34% are divorced or separated, 43.43% are single and 5.40% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $17,000. The median monthly mortgage repayment for households in this suburb is $3,000 which is 17.65% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of New South Wales, the suburb of Double Bay 2028 is home to an estimated 3,152 households. Taking a deep dive into the Australian property market, we focus our analytical lens on the property statistics for houses in this charming suburb as at the third quarter of 2023.

    Known for its affluent reputation, the typical property price for houses in Double Bay stands at an impressive $4,285,890. The median weekly rent for houses hovers at $507, resulting in an indicative yield of 2.55%. This yield, although slightly lower than the 3% cashflow benchmark, still holds potential for investment consideration.

    Exploring the fundamental elements, the area basks in a socio-economic score of 1,170 out of 1,217, a solid figure that underscores the area’s high socio-economic status, generally consisting of high-income earners and skilled professionals. However, the renter to owner ratio stands at 43%, quite above the 30% preferential ratio, and considering a high proportion of renters can sometimes diminish the overall desirability of the neighbourhood. Further, the units to houses ratio sits at a steep 80%, reflecting a potential oversaturation of rental opportunities, which may increase competition among landlords and potentially affect rental yields.

    The house affordability in Double Bay, indexed at 99 years, proves to be a substantial challenge, quite outstretching the standard 30-year mortgage period. This might become a barrier for some potential homeowners and investors looking for high affordability.

    In terms of supply, Double Bay presents a favourable landscape, with a stock on market Percentage for houses at a mere 0.16% and an inventory level at 0.6 months, well below the high supply benchmark of 1.3% and 4 months respectively. The building approvals Ratio holds steady at 1.15%, indicating controlled growth within the housing market.

    Meanwhile, the average days on market (DoM) for houses sits at 38 days, a mark slightly above the high demand threshold but still reasonable. The vacancy rate combines figures from both houses and units and presents 3.03%, a neutral position in terms of demand.

    Lastly, the buy search index for houses maintains at a stable average of 5, indicating neutral interest in terms of online property searches compared to the state or city average.

    In summary, while there may be some challenging elements in terms of affordability and the high units to houses ratio, Double Bay still offers the intrigued property investor or buyer plenty of merit with its robust socio-economic score, low supply and favourable demand indicators. As with any investment, it’s essential to keep an eye on longitudinal market trends and ensure a comprehensive understanding of the property market data. The use of metrics such as Relative Composite Score (RCS) by HtAG Analytics can be a great tool in automating these insights.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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