Double Bay: Strong Rental Growth in a Blue-Chip Suburb

With its harbourside charm, luxury boutiques, and vibrant dining scene, Double Bay remains one of Sydney’s most sought-after suburbs. Just minutes from the CBD, it offers a prestigious lifestyle that continues to attract discerning tenants and high-end investors alike.

And the numbers back it up — Double Bay’s rental market is showing solid performance across both the apartment and house segments.

Apartment Market Snapshot

Apartments in Double Bay have demonstrated steady growth, with a 4.2% annual increase in rental prices. The median weekly rent for an apartment currently stands at $990, offering a competitive return for property owners. This is complemented by a 3.3% rental yield, highlighting the area’s continued appeal to renters seeking quality and convenience.

House Market Snapshot

Double Bay's house rental market has seen remarkable growth, with a staggering 36% increase in annual growth. The median weekly rent for a house is now $2,725, underscoring the premium nature of Double Bay's residential offerings. While the rental yield for houses sits at 1.9%, the substantial capital growth makes this an attractive investment for long-term investors seeking to capitalise on the area’s elite status.

What This Means for Investors

Double Bay offers one of the most prestigious and desirable locations in Sydney. Its unique blend of lifestyle benefits, top-tier amenities, and close proximity to the city makes it a prime location for renters who are willing to pay a premium for quality living.

The strong rental market growth in both apartments and houses provides property investors with solid returns. Whether you own a sleek apartment or a sprawling family home, the demand in Double Bay shows no signs of slowing down. With rental prices steadily rising and the potential for further growth, now is a great time to make the most of your investment.

If you're considering renting your property in Double Bay or would like expert advice on how to enhance your rental returns, request a rental appraisal with our team today. 

*Data sourced from realestate.com.au. All figures are accurate as of the latest available market information and are subject to change.