All About Double Bay, Woollahra , NSW 2028

Double Bay Real Estate Market Outlook

Thinking about buying in Double Bay? Now could not be a better time, with 4989 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $6,866,000 with prices in this suburb ranging from $12,000 to $126,842,000. Double Bay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Consistent high demand relative to supply is a key feature in Double Bay driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Double Bay ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Double Bay classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Double Bay necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Double Bay, located in the Woollahra municipality of New South Wales, is renowned for its upscale ambience and affluent lifestyle. The housing market in Double Bay is characterized by its high demand and premium prices; this suburb is home to some of Sydney's most luxurious residences, including modern apartments, historic homes, and magnificent waterfront properties. The area has consistently attracted interest from wealthy buyers, both local and international, which contributes to its reputation as one of Sydney's most prestigious suburbs. The combination of its prime location near the Sydney CBD and the picturesque scenery of Sydney Harbour further drives its appeal. The real estate in Double Bay often features designs that blend elegance with contemporary sophistication, catering to buyers seeking exclusivity and a superior living experience.

Living in Double Bay offers more than just prestigious real estate; it provides an enviable lifestyle enriched with cultural and social opportunities. The suburb is dotted with chic boutiques, upscale restaurants, and vibrant cafes that give it a cosmopolitan vibe. Residents often enjoy leisurely strolls in the beautifully maintained parks or along the scenic harbor foreshore, taking in the stunning views of the water and the Sydney skyline. The strong sense of community, combined with excellent public and private schools, attracts families and professionals alike. Double Bay's convenient access to public transport links, such as ferries and buses, makes commuting to the city and other parts of Sydney convenient and efficient. Overall, living in Double Bay offers a blend of luxury, convenience, and natural beauty, making it a highly desirable location for those who can afford its premium offerings.

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