Suburb Profile Report for Darlington NSW (2008)

Darlington House: Median price $1,450,000, Annual capital growth 9.94%, Number of sales 30, Weekly median advertised rent $750

Darlington Unit: Median price $624,500, Annual capital growth 0.71%, Number of sales 20, Weekly median advertised rent $520

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

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With a capital gain of 12.40% for the last 12 months, Darlington, 2008 has performed for property investments than its average annual 9.94% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Darlington has increased when compared to the 5 year average annual rate.

A $750 per week rent on the median house gives suburb investors a gross yield of circa 2.69%, without taking into account capital value appreciation, which has been averaging out at 9.94%.

Property value increases in Darlington have tracked lower than the NSW average of 6.92% over the last 12 months.

Over the longer term, Darlington has seen property prices show investors a 18.50% return over the last 3 years. This is worse than over the last 12 months

In the last year 20 properties changed hands in Darlington, which puts it as the 430th most active market in NSW when comparing the number of sales per suburb.

Darlington is 255th on a list of best yielding suburbs for rents in NSW with a 4.33% return

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Considering its location only 3km south of the Sydney CBD, Darlington is remarkably affordable: the average unit price is well over $100,000 lower than neighbouring Redfern. With new redevelopment projects planned for the area and a thriving student scene, it could be an excellent long-term prospect. Full summary

Considering its location only 3km south of the Sydney CBD, Darlington is remarkably affordable: the average unit price is well over $100,000 lower than neighbouring Redfern. With new redevelopment projects planned for the area and a thriving student scene, it could be an excellent long-term prospect. 

It’s a small and tightly-held suburb, as a fair proportion of its western section is taken up by the University of Sydney. The majority of properties are also terraced houses, with only around one-third of properties being units. As a result, supply has been tight in the past, but new residential developments are beginning to spring up – including the massive Central Park multi-purpose development on the site of the old Carlton & United brewery. 

While this development is a welcome addition to the suburb, it’s not short of amenities in the first place. As you’d expect from an suburb in Sydney's inner west, there are a wide range of bars, cafes, stores and restaurants. The plentiful amenities of Newtown and Redfern are also within easy reach, and access to the city is provided by Redfern railway station and buses – but it’s also only a short walk to Central station. 

It’s a prime suburb in terms of demographics. The suburb is popular with young professionals and students alike, due to its proximity to the city, universities and hospitals. Incomes are also significantly higher than the Sydney average at an estimated $2,036pw. 

Darlington’s relative affordability and prime location suggests that it will remain an excellent long-term investment destination. 

Close
HOUSE UNIT
$1,450,000 $624,500
-6.45% -2.35%
12.40% -23.37%
9.94% 0.71%
$750 $520
30 20
2.69% 4.33%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2244
Median household income ($/weekly) 1738
Median age of persons 28
Median housing loan repayment ($/monthly) 2600
Average household size 2.3
  • Census Count Percent(%)
    15-19 years 164 7.3
    20-24 years 529 23.6
    25-34 years 610 27.2
    35-44 years 332 14.8
    45-54 years 208 9.3
    Others 400 17.8
    Age Group
    Census Count Percent(%)
    Not Married 1071 65.3
    Registered Married 284 17.3
    Defacto Relationship 284 17.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1269 62.7
    Croatia 97 4.8
    Papua New Guinea 64 3.2
    United Kingdom 97 4.8
    Other 154 7.6
    Others 344 17.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 101 5.3
    Christianity 615 32.5
    Hinduism 26 1.4
    Islam 46 2.4
    No Religion 1082 57.2
    Others 21 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 53 7.5
    $1,500-$1,999 87 12.4
    $2,000-$2,499 63 9.0
    $2,500-$2,999 81 11.5
    $3,000-$3,499 65 9.3
    Others 353 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 806 42.3
    Not in the labour force 504 26.5
    Employed, worked part-time 413 21.7
    Unemployed, looking for work 117 6.1
    Employed, away from work 64 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 127 9.9
    Professionals 517 40.3
    Community & personal service workers 153 11.9
    Clerical & administrative workers 187 14.6
    Sales 118 9.2
    Others 182 14.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 51 6.0
    Secondary 28 3.3
    Technical or Further Educational Institution 57 6.7
    University or other Tertiary Institutions 649 76.7
    Other type of educational institution 44 5.2
    Others 17 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1383 76.5
    Flat, unit or apartment 307 17.0
    Separate house 105 5.8
    House or flat attached to a shop, office 12 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 468 60.5
    Being purchased 186 24.0
    Fully owned 117 15.1
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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