Double Bay is a smaller suburb in New South Wales within the Woollahra local government area (postcode 2028). With a population of 4,709, the suburb has an established demographic with a median age of 39. Households earn a median income of $160K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Double Bay is $7.8 million, having risen modestly 1% over the past year. Units have a median price of $2.5 million (+9.8% YoY). The current median weekly rent is $1000. This gives a gross rental yield of approximately 0.7%. The median monthly mortgage repayment is $3,000.
Double Bay is served by 1 school, including 1 primary. The average ICSEA score is 1135, which is well above the national average of 1,000. Public transport access includes 1 ferry wharf, 13 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Woollahra LGA is low at 1,923 incidents per 100,000 population.
From an investment perspective, Double Bay offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($7.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 48.6x is considered stretched. House prices have moved +1.0% year-on-year.
Double Bay is a smaller suburb in New South Wales within the Woollahra local government area (postcode 2028). With a population of 4,709, the suburb has an established demographic with a median age of 39. Households earn a median income of $160K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Double Bay is $7.8 million, having risen modestly 1% over the past year. Units have a median price of $2.5 million (+9.8% YoY). The current median weekly rent is $1000. This gives a gross rental yield of approximately 0.7%. The median monthly mortgage repayment is $3,000.
Double Bay is served by 1 school, including 1 primary. The average ICSEA score is 1135, which is well above the national average of 1,000. Public transport access includes 1 ferry wharf, 13 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Woollahra LGA is low at 1,923 incidents per 100,000 population.
From an investment perspective, Double Bay offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($7.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 48.6x is considered stretched. House prices have moved +1.0% year-on-year.