What is the true cost of buying an apartment in Double Bay?

The median apartment in Double Bay is $2,800,000. Including stamp duty ($136,410), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $182,396, or $15,200/month.

What does it really cost to buy a house in Double Bay?

The median house in Double Bay is $8,500,000. True first-year cost including stamp duty ($595,000), rates, insurance, maintenance, and mortgage repayments is approximately $563,372.

What is the vacancy rate in Double Bay?

Double Bay currently has a vacancy rate of 1.8%. Properties average 35 days on market.

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True Cost of Buying in Double Bay

2028 NSW · 4km to CBD

Rising

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.

Premium harbourside location with stunning water views and beach accessExclusive shopping and dining precinct with high-end boutiques and restaurantsProximity to Sydney CBD (4km) with excellent bus connectivityPrestigious address attracting wealthy residents and maintaining property valuesAccess to top-tier private schools and quality educational facilities

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

$15,200/mo

Purchase Price

$2,800,000

Stamp Duty

$136,410

1st Year Total

$182,396

House

$46,948/mo

Purchase Price

$8,500,000

Stamp Duty

$595,000

1st Year Total

$563,372

Townhouse

$27,136/mo

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.

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