At number 316th in the list of Australian suburbs ordered by increase in median house value over the last year, Chippendale, 2008 is in the top 10% with a property value increase of 19.98% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Chippendale,2008 has racked up an average of 19.98% over the period. This ranks it number 76th in the whole country for real estate investors looking at median house price increases.
Chippendale is 982th on a list of best yielding suburbs for rents in NSW with a 2.64% return
If you compare the increase in value of investment property in Chippendale, 2008 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -1.07%.
The five-year average increase in median property values for Chippendale,2008 has given property investors a potential capital gain of 31.75% across each of those five years.
Sellers are offering property buyers an average discount of -4.33% to buyers in Chippendale at the moment, which is less than average for the rest of NSW.
In the last year 189 properties changed hands in Chippendale, which puts it as the 70th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $590 weekly from the median priced house in this suburb.