Double Bay began its story as a quiet maritime retreat in the early 1900s, its name inspired by two natural inlets that cradled its early waterfront homes. Initially modestly priced at around AUD 30K–40K, these early residences set the stage for a transformation into one of Sydney’s most fashionable addresses.
As the years passed, the post‑war era saw gentle growth, with values rising to AUD 60K–80K. The 1970s heralded a shift toward exclusivity, as prices averaged AUD 200K. By the 1980s and 1990s, luxury living took center stage and median values soared to between AUD 600K and 1.5M. Today, Double Bay’s ultra‑prestige market is epitomized by landmark sales, such as the 2023 transaction at 12 Castra Place, which fetched an astonishing $35,500,000.
Double Bay continues to captivate with its upscale boutiques, waterfront dining, and an ambiance of refined leisure. Exclusive yacht clubs and art galleries attract celebrities and international investors alike, reinforcing its status as a chic haven where style and sophistication are a way of life.