Suburb Profile Report for Chippendale NSW (2008)

Chippendale House: Median price $1,390,000, Annual capital growth 10.43%, Number of sales 15, Weekly median advertised rent $785

Chippendale Unit: Median price $795,000, Annual capital growth 8.74%, Number of sales 169, Weekly median advertised rent $590

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1749th in the list of Australian suburbs ordered by increase in median house value over the last year, Chippendale, 2008 is in the top half with a property value increase of 6.23% recorded in median house prices.

Chippendale,2008 has offered an average of 6.23% return per annum in house price rises to property investors over the last three years.

Renters in Suburb are facing rents around $9420 per annum or $785 every week.

Chippendale has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.77% to date .

The five-year average increase in median property values for Chippendale,2008 has given property investors a potential capital gain of 32.50% across each of those five years.

Property investors looking for a bargain in Chippendale should be aiming for at least -3.88% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Chippendale have been waiting around 82 days to sell a property.

The NSW suburb of Chippendale, 2008 is in the Sydney local government area.

Metrics i HOUSE UNIT
$1,390,000 $795,000
0.72% -3.05%
6.23% 12.77%
10.43% 8.74%
$785 $590
15 169
2.94% 3.86%
N/A 82

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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