Suburb Profile Report for Chippendale NSW (2008)

Chippendale House: Median price $1,720,000, Annual capital growth 11.04%, Number of sales 19, Weekly median advertised rent $850

Chippendale Unit: Median price $740,000, Annual capital growth 8.71%, Number of sales 172, Weekly median advertised rent $600

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$1,720,000 $740,000
2.69% -4.05%
19.86% -9.76%
11.04% 8.71%
$850 $600
19 172
2.57% 4.22%
N/A 83.42

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4056
Median household income ($/weekly) 1371
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 2
  • Census Count Percent(%)
    20-24 years 858 21.2
    25-34 years 1623 40.0
    35-44 years 555 13.7
    45-54 years 345 8.5
    55-64 years 243 6.0
    Others 432 10.7
    Age Group
    Census Count Percent(%)
    Not Married 2032 64.1
    Defacto Relationship 609 19.2
    Registered Married 531 16.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1554 44.4
    Croatia 432 12.3
    Papua New Guinea 132 3.8
    United Kingdom 168 4.8
    Other 330 9.4
    Others 884 25.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 312 9.4
    Christianity 1137 34.2
    Hinduism 108 3.2
    Islam 74 2.2
    No Religion 1652 49.7
    Others 42 1.3
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 115 7.2
    $1,000-$1,249 142 8.9
    $1,250-$1,499 137 8.6
    $1,500-$1,999 226 14.2
    $2,500-$2,999 170 10.7
    Others 806 50.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1613 47.7
    Not in the labour force 821 24.3
    Employed, worked part-time 632 18.7
    Unemployed, looking for work 207 6.1
    Employed, away from work 108 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 297 12.6
    Professionals 943 40.0
    Community & personal service workers 203 8.6
    Clerical & administrative workers 336 14.3
    Sales 222 9.4
    Others 354 15.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 47 4.0
    Secondary 24 2.0
    Technical or Further Educational Institution 188 15.8
    University or other Tertiary Institutions 836 70.3
    Other type of educational institution 84 7.1
    Others 10 0.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2465 73.3
    Semi-detached, row or terrace house, townhouse 797 23.7
    Separate house 88 2.6
    House or flat attached to a shop, office 14 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1189 69.9
    Being purchased 357 21.0
    Fully owned 148 8.7
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals