Double Bay NSW Property Market
Postcode 2028
Data updated: April 2026 · Sources: ABS Census, CoreLogic, Domain
About the Double Bay Property Market
Double Bay stands as one of Sydney's most prestigious eastern suburbs, positioned just four kilometres from the CBD on the shores of Sydney Harbour. This affluent enclave is renowned for its luxury shopping precinct, waterfront dining, and elegant tree-lined streets that have attracted Sydney's elite for decades.
Property Market
The suburb predominantly features luxury apartments and penthouses, with a smaller selection of prestigious houses commanding premium prices well above the metropolitan median. Double Bay's property market consistently ranks among Sydney's most expensive, with buyers paying significant premiums for harbour proximity and prestige address credentials. The limited housing stock and strong demand from affluent purchasers maintains robust pricing across all property categories.
Lifestyle and Amenity
Double Bay offers exceptional connectivity with regular bus services to the CBD and ferry access from nearby Rose Bay, while the planned Eastern Suburbs railway extension will further enhance transport links. The suburb boasts high-end retail along Bay Street, prestigious dining establishments, and proximity to excellent private schools including Ascham and Kambala. Residents enjoy easy access to harbour foreshores, yacht clubs, and the cultural attractions of nearby Paddington and Woollahra.
Who Buys Here
The suburb attracts successful professionals, business executives, and affluent empty nesters seeking luxury living with harbour proximity. International buyers and local entrepreneurs are drawn to the prestigious address and sophisticated urban lifestyle. Many purchasers are downsizers from larger eastern suburbs properties who want to maintain their social networks while enjoying apartment living.
Investment Outlook
Rental demand remains strong from corporate executives and international tenants seeking premium accommodation near the city. The suburb's established reputation and limited supply support long-term capital growth potential despite cyclical market variations.
Data last updated: 4 Apr 2026
Median price data for Double Bay is not yet in our database. Price data is expanding across all Australian suburbs.
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How to Research a Suburb
Understanding the Numbers
Median house price represents the middle sale in a period — not the average. Rental yield is annual rent divided by property value. Vacancy rate below 3% indicates strong tenant demand. Annual growth shows 12-month price change — not a guarantee of future performance.
What to Research Before Buying
Check council zoning and DA restrictions, flood and bushfire overlays on state planning portals, infrastructure pipeline (rail, roads, schools), employer concentration (single-industry suburbs carry higher risk), and auction clearance rates (above 70% signals a seller's market).
Due Diligence Checklist
- ☐ Building and pest inspection
- ☐ Strata report (if applicable)
- ☐ Contract review by conveyancer
- ☐ Comparable sales in last 90 days
- ☐ Rental vacancy rate
- ☐ Council rates and water rates
- ☐ Body corporate fees (if applicable)
Data sources: ABS Census 2021, CoreLogic property transaction data, Domain listing data, and RBA statistical tables. Updated as new data becomes available.