Covers Double Bay.
A postcode. New South Wales reports rents by postcode and by council area, never by suburb, so a postcode is the smallest area we can show here.
Population grew −0.3% over the year to 30 June 2025, against +1.5% for Australia over the same period.
Net internal migration was the largest component of that change, as an outflow.
Dwelling approvals were +200.8% against the twelve months before. Approvals are permission to build, not completed dwellings.
Completions in the March quarter 2026 were equivalent to 86% of commencements, for New South Wales. These figures compare pipeline flows and do not track individual approved dwellings through construction.
Achieved rents moved +2.3% over the year, against +5.9% for the middle postcode in New South Wales.
These signals are shown separately so you can see what is driving the market. Explore them under Demand & supply below.
At $1,100 a week, Postcode 2028 is higher than 96% of the 347 NSW postcodes we hold.
Half of new leases in Postcode 2028 were between $900 and $1,525 a week — a quarter came in under $900, and a quarter above $1,525.
Rents there are up 2.3% over the past year, slower than the typical NSW postcode (up 5.9%).
Based on 96 new leases. Enough to be meaningful, but a single unusual quarter will move it.
The most common new lease there was a two-bedroom unit or flat, at $1,075 a week across 53 of them.
In June quarter 2026, the median weekly rent rose 2.3% on the quarter before, from $1,075 to $1,100. Across the 35 quarterly changes held here, 26 were larger.
Six signals show how demand, supply and rents are moving. Open Data & method on any signal for the figures, rule and source behind it.
The Australian Bureau of Statistics does not publish population for postcodes. The figures here are apportioned into Postcode 2028 from 2 statistical areas using the ABS population-weighted correspondence, so they are an estimate of this postcode rather than a measurement of it, and they are rounded to say so.
Weak
How fast the population is growing, against the national rate.
| Population growth, 2028 | −0.3% | the year to 30 June 2025 |
|---|---|---|
| Population growth, Australia | +1.5% | the year to 30 June 2025 |
Strong when growth is at least half a percentage point above the national rate, weak when at least half a point below, moderate in between. Population is one ABS instrument measured the same way everywhere, so a market compares to Australia.
Net internal migration (an outflow)
Which component moved the population most over the latest year the ABS splits it.
| Natural increase, 2028 | +6 | the year to 30 June 2025 |
|---|---|---|
| Net internal migration, 2028 | −96 | the year to 30 June 2025 |
| Net overseas migration, 2028 | +78 | the year to 30 June 2025 |
The largest of natural increase, net internal migration and net overseas migration by absolute size, so a large outflow is named rather than hidden inside a net total. This states which component was largest. It says nothing about why anyone moved.
Expanding
Whether dwelling approvals are running above or below the year before.
| Dwellings approved, weighted into 2028 from the areas the ABS counts | 36 | June quarter 2026 |
|---|---|---|
| The twelve months before, weighted into 2028 from the areas the ABS counts | 12 | a year earlier |
| Change on the year before, 2028 | +200.8% | June quarter 2026 |
Expanding above +10%, contracting below −10%, stable in between, comparing twelve months of approvals against the twelve before them. An approval is permission to build, not a dwelling. Where a market is smaller than the areas the Australian Bureau of Statistics counts approvals for, this is a blend of those areas' own changes, weighted by how much of each the market covers — not a count of approvals here.
Moderate
How much housing is being finished, against how much is being started.
| Dwellings completed, New South Wales | 8,883 | March quarter 2026 |
|---|---|---|
| Dwellings started, New South Wales | 10,373 | March quarter 2026 |
| Completions as a share of commencements | 86% | March quarter 2026 |
Strong at or above 95% of commencements, weak below 80%, moderate in between — completions in the quarter compared with commencements in the same quarter, both stated beside this rule. These figures compare pipeline flows and do not track individual approved dwellings through construction.
Low
How fast achieved rents are rising, against the rest of the state.
| Rent change over a year, Postcode 2028 | +2.3% | June quarter 2026 |
|---|---|---|
| Rent change over a year, the middle postcode in New South Wales | +5.9% | June quarter 2026 |
High when rents rose at least one percentage point faster than the state, low when at least a point slower, moderate in between. Compared against the state rather than the nation because each bond authority defines its own series: changes compare, levels do not.
Partial
How much of this market's picture was measured at this market's own geography.
| Demand evidence | apportioned by an official ABS correspondence | how it was made |
|---|---|---|
| Components present | 5 of 5 | on this page |
Broad where the demand evidence was published for this geography and most components are present; partial where it was derived through an official ABS correspondence; limited where it describes a larger area containing this market, or where components are missing. This says nothing about how many observations sit behind any single figure — that is Sample strength, a separate reading.
| Statistical area | Its population | Share living in Postcode 2028 |
|---|---|---|
| Bellevue Hill | 15,094 | 7.7% |
| Double Bay - Darling Point | 10,216 | 36.0% |
2 SA2 area(s) apportioned into this postcode by population (Mesh Block grid) share, ABS ASGS 2021 correspondences, population weighted (v2021, transformation v1). Quality of the mapping, as the ABS rates it: Acceptable. The result is an estimate of this postcode built from measurements of those areas, and is rounded rather than printed to the person.
Observed sales: settlements recorded by the state, not asking prices and not a valuation model. The median describes the sales that settled in the quarter — an observed sample, which is why every figure here carries its count where the publisher released one.
In March quarter 2026, the median sale price fell 59.9% on the quarter before, to $2,875,000.
Over the year to March quarter 2026, it moved up 45.3%.
Sales demand not measured. The settlement counts above say how many sales the publisher recorded, not how many buyers were competing for them, and APRIQ has no validated method that could turn one into the other — so no sales-demand reading is offered rather than an invented one. The demand evidence APRIQ does hold is population-based, under Demand.
The split the publisher reports. Strata and non-strata are title types rather than dwelling types — but in practice non-strata sales are mostly houses, and strata sales are mostly units, flats and townhouses. The blended figure above describes neither exactly.
| Title type | Median sale price | A quarter below | A quarter above | Sales |
|---|---|---|---|---|
| All dwellingsevery recorded sale | $2,875,000 | $2,200,000 | $3,013,000 | Withheld |
| Stratastrata-title sales — mostly units, flats and townhouses | $2,875,000 | $2,200,000 | $3,013,000 | Withheld |
Median observed sale price of all dwellings, each quarter the publisher reported one. A missing quarter is a gap — usually too few settlements to publish — never a zero.
| Quarter | Median sale price | Change on the quarter before | Sales |
|---|---|---|---|
| March quarter 2026 | $2,875,000 | Down 59.9% | Withheld |
| December quarter 2025 | $7,170,000 | Up 236.6% | 54 |
| September quarter 2025 | $2,130,000 | Up 5.2% | Withheld |
| June quarter 2025 | $2,025,000 | Up 2.4% | Withheld |
| March quarter 2025 | $1,978,000 | Down 4.7% | Withheld |
| December quarter 2024 | $2,075,000 | Down 19.5% | Withheld |
| September quarter 2024 | $2,578,000 | Up 59.1% | 36 |
| June quarter 2024 | $1,620,000 | Down 21.4% | Withheld |
| March quarter 2024 | $2,060,000 | Down 36.9% | Withheld |
| December quarter 2023 | $3,265,000 | Up 53.1% | Withheld |
| September quarter 2023 | $2,133,000 | Up 17.1% | 38 |
| June quarter 2023 | $1,822,000 | Up 10.4% | 31 |
| March quarter 2023 | $1,650,000 | Down 30.7% | Withheld |
| December quarter 2022 | $2,380,000 | Down 20.7% | Withheld |
| September quarter 2022 | $3,000,000 | Up 21.0% | 31 |
| June quarter 2022 | $2,480,000 | Up 52.8% | Withheld |
| March quarter 2022 | $1,623,000 | Down 46.0% | Withheld |
| December quarter 2021 | $3,005,000 | Up 1.9% | 40 |
| September quarter 2021 | $2,950,000 | Up 59.5% | 37 |
| June quarter 2021 | $1,850,000 | Up 13.1% | 54 |
| March quarter 2021 | $1,635,000 | Down 13.9% | Withheld |
| December quarter 2020 | $1,900,000 | Up 19.9% | Withheld |
| September quarter 2020 | $1,585,000 | Down 25.2% | Withheld |
| June quarter 2020 | $2,120,000 | Up 48.8% | Withheld |
| March quarter 2020 | $1,425,000 | Down 53.2% | Withheld |
| December quarter 2019 | $3,044,000 | Up 123.8% | 42 |
| September quarter 2019 | $1,360,000 | Down 22.7% | Withheld |
| June quarter 2019 | $1,760,000 | Up 7.2% | Withheld |
| March quarter 2019 | $1,642,000 | Up 52.6% | Withheld |
| December quarter 2018 | $1,076,000 | Up 0.3% | Withheld |
| September quarter 2018 | $1,073,000 | Down 27.0% | Withheld |
| June quarter 2018 | $1,469,000 | Up 1.3% | Withheld |
| March quarter 2018 | $1,450,000 | Up 9.8% | Withheld |
| December quarter 2017 | $1,320,000 | Down 46.5% | Withheld |
| September quarter 2017 | $2,466,000 | Up 9.6% | 35 |
| June quarter 2017 | $2,250,000 | — | 33 |
Sale prices are the New South Wales Rent and Sales Report (NSW Department of Communities and Justice), used under Creative Commons Attribution 4.0. © State of New South Wales (Department of Communities and Justice). Sales are published on a slower clock than rents, so the newest sale quarter usually sits behind the newest rent quarter — the two are never blended, and the yield under Rents & Yield names both periods. Method, sources and licences.
Rising more slowly than most of New South Wales
How rents here moved over a year, against the typical postcode in New South Wales.
| Rent change over a year here | +2.3% | June quarter 2026 against a year earlier |
|---|---|---|
| The middle postcode in New South Wales | +5.9% | June quarter 2026 against a year earlier |
| Difference | −3.6 percentage points | June quarter 2026 against a year earlier |
| Markets in the comparison | 347 | June quarter 2026 against a year earlier |
The difference between this market’s one-year rent change and the middle change across every postcode the same publisher reports, in percentage points: 3 or more above is well above, 1 above is above, within 1 either way is in line. Changes are compared within one state because each bond authority defines its own series — movement may be compared between them, the rent itself may not.
Quarterly achieved-rent history across the full published series for this market.
| Median weekly rent | $1,100 | publisher’s figure · June quarter 2026 |
|---|---|---|
| A quarter of new leases came in below | $900 | publisher’s figure · June quarter 2026 |
| A quarter came in above | $1,525 | publisher’s figure · June quarter 2026 |
| Gross rental yield | 1.99% | calculated from this rent (June quarter 2026) and the sale median under Prices & Sales (March quarter 2026) |
| Rental bonds held | 1,051 | publisher’s figure · June quarter 2026 |
Quarter-by-quarter rent history for the full published series.
| Quarter | Median weekly rent | Change on the quarter before |
|---|---|---|
| June quarter 2026 | $1,100 | Up 2.3% |
| March quarter 2026 | $1,075 | Down 10.4% |
| December quarter 2025 | $1,200 | Up 9.1% |
| September quarter 2025 | $1,100 | Up 2.3% |
| June quarter 2025 | $1,075 | Down 2.3% |
| March quarter 2025 | $1,100 | No change |
| December quarter 2024 | $1,100 | Up 15.8% |
| September quarter 2024 | $950 | No change |
| June quarter 2024 | $950 | Down 13.6% |
| March quarter 2024 | $1,100 | Up 10.0% |
| December quarter 2023 | $1,000 | Up 5.3% |
| September quarter 2023 | $950 | Up 2.7% |
| June quarter 2023 | $925 | Up 0.5% |
| March quarter 2023 | $920 | Down 1.4% |
| December quarter 2022 | $933 | Up 22.8% |
| September quarter 2022 | $760 | Down 4.2% |
| June quarter 2022 | $793 | Up 1.7% |
| March quarter 2022 | $780 | Down 2.5% |
| December quarter 2021 | $800 | Up 4.2% |
| September quarter 2021 | $768 | Up 5.9% |
| June quarter 2021 | $725 | Up 2.8% |
| March quarter 2021 | $705 | Up 2.9% |
| December quarter 2020 | $685 | Up 0.7% |
| September quarter 2020 | $680 | Down 6.2% |
| June quarter 2020 | $725 | Down 14.7% |
| March quarter 2020 | $850 | Up 13.3% |
| December quarter 2019 | $750 | Up 4.9% |
| September quarter 2019 | $715 | Down 10.6% |
| June quarter 2019 | $800 | Up 5.5% |
| March quarter 2019 | $758 | Down 5.3% |
| December quarter 2018 | $800 | Up 6.0% |
| September quarter 2018 | $755 | Down 12.2% |
| June quarter 2018 | $860 | Up 7.5% |
| March quarter 2018 | $800 | Up 5.3% |
| December quarter 2017 | $760 | Up 1.3% |
| September quarter 2017 | $750 | — |
The postcodes immediately above and below Postcode 2028 when ranked by the same figure for the same period — nearby in the state ranking, not necessarily nearby on a map.
| Postcode | Median rent | Rent change — 1 year |
|---|---|---|
| Postcode 2102Warriewood | $1,050 | No change |
| Postcode 2125West Pennant Hills | $1,050 | Up 10.5% |
| Postcode 2000Barangaroo, Dawes Point and Haymarket and 3 more | $1,100 | Up 4.8% |
| Postcode 2028Double Bay | $1,100 | Up 2.3% |
| Postcode 2036Chifley, Eastgardens and Hillsdale and 6 more | $1,100 | Up 4.8% |
| Postcode 2074North Turramurra, South Turramurra and Turramurra and 1 more | $1,100 | Up 27.2% |
| Postcode 2095Manly | $1,100 | Up 10.0% |
Or put them in columns: Compare with similarly ranked markets.
Latest achieved rents by dwelling type and bedroom count. Blank cells indicate no published figure for that combination.
| Size | Units and flats |
|---|---|
| 1 bedroom | $805count withheld |
| 2 bedrooms | $1,07553 new leases |
| 3 bedrooms | $2,250count withheld |
Postcode 2028 is inside Woollahra, according to the Australian Bureau of Statistics boundary correspondence. The council itself has a figure of its own, computed over every bond inside the boundary rather than averaged from these.
| Postcode | Median weekly rent | Rent change — 1 year | New leases | Compare |
|---|---|---|---|---|
| Postcode 2027Darling Point, Edgecliff and Point Piper | $1,200 | Up 26.3% | 150 | |
| Postcode 2030Dover Heights, Vaucluse and Watsons Bay | $1,200 | Up 9.3% | 95 | |
| Postcode 2025Woollahra | $1,150 | Up 15.0% | 105 | |
| Postcode 2028Double Bay | $1,100 | Up 2.3% | 96 | |
| Postcode 2023Bellevue Hill | $1,005 | Up 2.6% | 125 | |
| Postcode 2029Rose Bay | $1,000 | Up 7.5% | 149 | |
| Postcode 2021Centennial Park, Moore Park and Paddington | $850 | Up 3.0% | 261 |
Population data on suburb pages uses the ABS statistical area containing the suburb. The market card names that wider area; open Data & method for the geography and source.
Population is falling
How fast the population here is changing, against how fast Australia is changing.
The Australian Bureau of Statistics does not publish population for postcodes. The rates here are apportioned into Postcode 2028 from 2 statistical areas using the ABS population-weighted correspondence, so they are an estimate for this postcode rather than a measurement of it. Only rates are shown, never an apportioned headcount.
| Annual population growth, Postcode 2028 | −0.3% | the year to 30 June 2025 |
|---|---|---|
| Australia, the same year | +1.5% | the year to 30 June 2025 |
| Difference | −1.8 percentage points | the year to 30 June 2025 |
| Growth a year over five years | −0.4% | the five years to 30 June 2025 |
The difference between this market’s annual population growth and Australia’s, in percentage points: 1.5 or more above is well above the national rate, 0.5 above is above it, within 0.5 either way is in line with it, and a fall is named as a fall. Both figures are ABS estimated resident population at 30 June, the same instrument measured the same way, so they may be compared directly.
Counted for Postcode 2028 on Census night, 10 August 2021. A Census count is a stock on one night, not a series: it cannot show a trend, and five years on it describes 2021, not today. It is here because how many households there are and how many people share a dwelling are the denominators every demand question eventually needs.
| Households — occupied private dwellings | 2,130 | one count: an occupied private dwelling on Census night is the ABS definition of a household |
|---|---|---|
| Average household size | 2.1 people | per occupied private dwelling, across 2,130 of them |
Source: Australian Bureau of Statistics, Census of Population and Housing 2021, General Community Profile (tables G02, G35, G36), used under CC BY 4.0. © Commonwealth of Australia (Australian Bureau of Statistics).
Approvals data on suburb pages uses the ABS statistical area containing the suburb. The market card names that wider area; open Data & method for the geography and source.
Approving about the national rate
How many dwellings this market approved over twelve months for every thousand residents, against the national rate. Approvals are permission to build, not completed dwellings.
The Australian Bureau of Statistics does not publish dwelling approvals for postcodes. The rates here are apportioned into Postcode 2028 from 2 statistical areas using the ABS population-weighted correspondence, so they are an estimate for this postcode rather than a measurement of it. Only rates are shown: an approval count is never apportioned, because approvals cluster where building is happening rather than spreading out like people.
| Approved dwellings per 1,000 residents, Postcode 2028 | 7.4 | the twelve months to June 2026 |
|---|---|---|
| Australia, the same twelve months | 7.4 | the twelve months to June 2026 |
| Change on the twelve months before | +200.8% | the twelve months to June 2026 against the twelve months to June 2025 |
| People added per dwelling approved | -1.1 | the year to 30 June 2025 |
This market’s approved dwellings per thousand residents divided by Australia’s: twice the national rate or more is well above it, a quarter above is above it, within a fifth either way is in line, and below four fifths is below. Both are ABS building approvals over the same twelve months. An approval is permission to build — some of it lapses, and the rest completes months or years later — so this describes a pipeline and never housing that exists.
Counted for Postcode 2028 on Census night, 10 August 2021. The stock every approval above eventually adds to, as it stood on one night in 2021. The occupied count is the households figure under Demand — the ABS definition makes them one count, so it is printed once rather than twice. The occupied and unoccupied counts are separately rounded by the ABS and do not exactly sum to the total, so no missing figure is derived here.
| Private dwellings | 2,525 | all private dwellings on Census night |
|---|---|---|
| Unoccupied on Census night | 399 | holiday homes and empty dwellings included; not a rental vacancy rate |
Source: Australian Bureau of Statistics, Census of Population and Housing 2021, General Community Profile (tables G02, G35, G36), used under CC BY 4.0. © Commonwealth of Australia (Australian Bureau of Statistics).
No APRIQ forward rent forecast is published for Postcode 2028 yet. The forecasting model remains in historical backtesting.
The method’s public record so far, across every market at once and clearly a backtest, not a prediction: at 1 quarter ahead, 83.8% of 10,476 graded backtests landed inside their ranges, at a median width of ±7.9%.
See the full historical record on the forecast scorecard. Backtest results describe historical model performance, not a prediction for this market.
Check sample size, data period, geography, source and calculation rules for this market.
Moderate
How many observations sit behind the current figure on this page.
| New leases behind the current figure | 96 | June quarter 2026 |
|---|---|---|
| Quarters of history | 36 | to June quarter 2026 |
| How current | The latest quarter published anywhere | June quarter 2026 |
| Origin | As the publisher published it | June quarter 2026 |
| Knowability | Dated by the publisher’s own release timing | June quarter 2026 |
Strong needs 200 or more new leases behind the current figure; moderate needs 50. Fewer than that reads as thin: one unusual property can move the figure. A withheld count cannot earn better than thin, because a suppressed number is unknown rather than small. How current the figure is, is a separate fact stated as dates beside this reading, never folded into this word.
Which period the current rent figure describes, how it sits against the newest quarter published anywhere, and whose clock dated it — as dates, because a graded word would hide exactly the part worth checking.
| Describes | June quarter 2026 |
|---|---|
| Standing | This is the latest quarter published anywhere. |
| Dated by | Dated by the publisher’s own release timing. |
Market data sources are named beside the figures above. APRIQ keeps the publication period, source, licence and calculation method available for inspection. See full sources & methodology →
