Darlington is in the TOP 10% in NSW when comparing median price capital growth over the last year. Darlington gave property investors a very good capital gain figure when compared to the rest of the state, with 23.41%.
The five-year average increase in median property values for Darlington,2008 has given property investors a potential capital gain of 90.30% across each of those five years.
At number 1163th of NSW’s most discounted properties, Darlington is in the TOP 10% of the state/territory when listing in order of most discounted to least.
In the last year 28 properties changed hands in Darlington, which puts it as the 988th most active market in NSW when comparing the number of sales per suburb.
Darlington, 2008’s gross rental yield is 2.51%
At number 1689th in the list of Australian suburbs ordered by increase in median house value over the last year, Darlington, 2008 is in the BOTTOM 10% with a property value increase of -21.72% recorded in median house prices.
Across a shorter period, Darlington, 2008 has seen a median price increase of -0.23% over the last quarter.
The NSW suburb of Darlington, 2008 is in the Sydney local government area.
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.