Double Bay Property Market & Buyers Agents 2026

The Double Bay property market is the epitome of Sydney's prestige real estate, characterised by high demand, constrained supply, and a blue-chip reputation that ensures long-term value resilience. Colloquially known as 'Double Pay', the suburb commands some of Australia's highest property prices, with a current median house price of approximately $7.28 million and a median unit price of $2.05 million. The market is driven by a constant influx of high-net-worth individuals, including affluent downsizers seeking luxury apartments and established families drawn to the suburb's lifestyle and proximity to top schools. This demographic underpins the market's stability, even during broader economic fluctuations. Recent trends show a slight cooling in the house market, with a year-on-year change of -2.93%, which can be interpreted as a market normalisation after a period of intense growth rather than a fundamental decline. In contrast, the unit market has shown positive growth of 2.50% over the same period, reflecting the strong demand from downsizers and professionals for high-end, low-maintenance living. Supply in Double Bay is perpetually tight. The suburb's small geographical footprint of approximately 0.8 square kilometres, combined with heritage conservation areas and established properties, means new development opportunities are scarce. This scarcity is a key factor supporting property values. The recent revitalisation of the commercial precinct, including the Kiaora Place development and the arrival of high-profile restaurants like Neil Perry's 'Margaret', has injected new energy into the village, broadening its appeal and further cementing its status as a premier lifestyle destination. This commercial renaissance has a direct positive impact on property desirability and values. Investment in Double Bay is primarily a capital growth play. While rental yields are modest for houses at around 1.43%, the long-term capital appreciation has historically been very strong. The high proportion of owner-occupiers (around 53%) contributes to a stable and well-maintained community. For buyers, the market is competitive and often opaque, with a significant number of properties transacting off-market. This dynamic, coupled with the high stakes involved, makes local expertise and network access crucial for successful acquisition.

Nestled on the shores of Sydney Harbour just four kilometres east of the CBD, Double Bay is one of Sydney's most affluent and sophisticated suburbs. Its character is defined by a unique blend of European-style village charm and cosmopolitan luxury. The main commercial hub, centred around Bay Street, Knox Street, and the redeveloped Kiaora Lane precinct, is lined with high-end fashion boutiques, art galleries, and a vibrant dining scene ranging from chic cafes like Indigo and Bake Bar to acclaimed restaurants such as Margaret and Matteo.

Education is a key drawcard for families, with Double Bay Public School located within the suburb. Additionally, many of Sydney's most prestigious private schools, including Ascham, Cranbrook, and The Scots College, are in neighbouring suburbs and easily accessible.

Transport links are excellent. The Double Bay Ferry Wharf provides a scenic and swift 20-minute journey to Circular Quay, while numerous bus routes (including the 323, 324, 325) run along New South Head Road, connecting to the city and Bondi Junction. Edgecliff train station is also just a short walk away.

For recreation, residents are spoilt for choice. Steyne Park offers a large, grassy expanse on the foreshore, popular for picnics and sports. The suburb boasts beautiful harbour beaches, including the secluded Seven Shillings Beach and the iconic Redleaf Beach with its enclosed Murray Rose Pool and wrap-around pontoon. The Cruising Yacht Club of Australia and Double Bay Sailing Club cater to the nautical community.