Property value increases in Darlington have tracked just lower than the NSW average of 10.13% over the last 12 months.
A 122.64% growth in median value for property investors in Darlington,2008 puts this suburb at number 123th in terms of best performing suburbs in NSW
The NSW suburb of Darlington, 2008 is in the Sydney local government area.
Investment property in Darlington has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.20%
With the median price for a house in Darlington being $735000 and the advertised rent reaching $515 the gross rental yield for property investors calculates out to be 3.64%
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
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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.
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.