True Cost of Buying in Double Bay
2028 NSW · 4km to CBD
A decision, not just a search · Double Bay
Does the lower estimated monthly cost make a property the better buy?
Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.
Questions that could change the answer
- Which costs are current supplied figures, and which are model defaults?
- What happens to your buffer if interest, repairs or vacancy costs rise?
- What finance, contract or inspection condition remains unresolved before an offer?
Evidence to obtain—not yet verified here
- Current lender terms and approval conditions, not only a borrowing estimate.
- Dated levy notices, rates, insurance quotes and maintenance information.
- Contract advice, inspection findings and comparable sales evidence.
Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.
Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.
When to revisit: Revisit when any input, approval condition, price or property finding changes.
General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.
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Market Intelligence
Double Bay is one of Sydney's most prestigious harbourside suburbs, located just 4km east of the CBD in the affluent Eastern Suburbs. Known as a luxury shopping and dining destination, it features high-end boutiques along Bay Street and Cross Street, premium waterfront dining, and exclusive residential properties. The suburb attracts wealthy professionals, empty nesters, and high-net-worth individuals seeking a sophisticated lifestyle with harbour views and proximity to the city. Property values are among Sydney's highest, dominated by luxury apartments and penthouses with limited housing stock. The area boasts excellent amenities including Redleaf Beach, harbour foreshore parks, and proximity to prestigious schools. While lacking direct rail access, it's well-serviced by buses and close to Edgecliff station. The community is characterized by its cosmopolitan atmosphere, strong Jewish heritage, and active cultural scene. Double Bay represents the epitome of Sydney's luxury lifestyle market.
Market Snapshot
Median House
$8.5M
+8.5% 1yr
Median Apartment
$2.8M
+6.8% 1yr
Median Townhouse
$5.2M
Vacancy Rate
1.8%
35 avg DOM
Yield (Apartment)
3.1%
Yield (House)
2.2%
Auction Clearance
78%
Population
3,200
True Cost Breakdown
Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier
Apartment
Purchase Price
$2,800,000
Stamp Duty
$136,410
1st Year Total
$182,396
House
Purchase Price
$8,500,000
Stamp Duty
$595,000
1st Year Total
$563,372
Townhouse
Purchase Price
$5,200,000
Stamp Duty
$364,000
1st Year Total
$325,628
Run Your Own Numbers
These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.
Community Profile
Median Income
$185,000
Median Age
48
Family Households
38%
Owner-Occupied
72%
Walkability
85/100
Public Transport
7/10
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