Giving property investors a a solid capital gain of 19.86% for the last year, Chippendale, 2008 is the 473th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chippendale has increased when compared to the 5 year average annual rate.
With the median price for a house in Chippendale being $1720000 and the advertised rent reaching $850 the gross rental yield for property investors calculates out to be 2.57%
Property value increases in Chippendale have tracked lower than the NSW average of 8.31% over the last 12 months.
Comparing Chippendale,2008 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Chippendale is giving property investors an average Vendor Discount of around -4.67%. This puts suburb at number 145th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Chippendale the average time real estate has been on the market is 83.42 days.
The NSW suburb of Chippendale, 2008 is in the Sydney local government area.