Double Bay Real Estate Appraisal: Discover The Market Rental Potential

double bay real estate appraisal

Double Bay Real Estate Appraisal: Find Out The Current Market Rental Potential of Your Investment Property

How Much is my Property in Double Bay Worth?

House and Unit Prices in Double Bay:

The median price for a 2-bedroom apartment is $1,325,000 and $3,900,000 for a house in Double Bay. Houses and unit blocks have elegant Art Deco and mid-century finishes with sparkling harbour views from many parts of this enclave. Average annual capital growth for houses is nearly 5%, and for apartments is nearly 11%.

Rental Income Prices in Double Bay:

The median rental income for a 3-bedroom house is $1,425 per week and a 3-bedroom unit is $1,338 per week. The suburb is in high demand with renters with the gross rental yield at 2.3% for houses and 2.77% for units. The median age group of tenants in the suburb is 38.

Double Bay Rental Market Trends and Demographics

Double Bay receives nearly 1330 visits per online property listing in comparison to the NSW average of 873 visits – demonstrating the high rental demand in the suburb. Double Bay is popular with renters for a number of reasons:

  • Just 4km away from the CBD – reach in under 20 minutes via car, bus, cycle or ferry
  • A 17-minute ferry ride from Double Bay Wharf to Circular Quay
  • Unparalleled views of Sydney’s famed harbour
  • Stunning period terraces and Victorian style homes on tree-lined streets
  • Waterfront dining and outstanding fashion boutiques
  • Excellent schools and educational institutions
  • Year-round swimming enclosure with grassed area for weekends
  • Easy access to popular Eastern suburbs like Rose Bay, Vaucluse and Elizabeth Bay

Appoint the Best Double Bay Property Management Team

An experienced Double Bay property manager clearly understands the distinctions of the local area and will use this experience to offer sound advice to landlords.

Michael Murray, a well-known Double Bay property manager has been part of the local landscape for over a decade. Michael and his team at Murray Property have a deep knowledge and experience in the Double Bay rental market and are committed to maximising the return on investment for landlords.

When you choose Murray Property to manage your investment property, you’ll receive:

  • Premium listings, professional photography, proven property marketing strategies and well-considered social media promotion. Murray Property was a finalist for Social Media and Website of the Year at the 2017 National Property Management Awards.
  • Detailed condition reports and routine inspection reports throughout tenancy, along with up to 500 photographs on average and detailed commentary per property.
  • Personalised services and dedication to excellence at all times. Michael Murray was nominated as a finalist in the Residential Property Manager category at the 2017 REINSW Awards for Excellence. The high number of positive customer testimonials on Google and Facebook is a testament to the level of service Murray Property provides.

Request A Free Double Bay Rental Appraisal Today

Looking to lease out a property in Double Bay and unhappy with the service you’re currently receiving from your property manager?

The team at Murray Property will personally inspect your rental property in Double Bay to obtain a detailed understanding of the property condition and inclusions and how it compares with properties recently leased in the area.

Request a free Double Bay real estate appraisal and take advantage of the personal service and meticulous attention to detail Murray Property provides. Click here to request an appraisal today!