Suburb Profile Report for Darlinghurst NSW (2010)

Darlinghurst House: Median price $1,925,000, Annual capital growth 10.89%, Number of sales 70, Weekly median advertised rent $890

Darlinghurst Unit: Median price $850,000, Annual capital growth 8.60%, Number of sales 305, Weekly median advertised rent $625

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

Source: CoreLogic

  • House Report
  • Unit Report

Darlinghurst is in the TOP 10% in NSW when comparing median price capital growth over the last year. Darlinghurst gave property investors a very good capital gain figure when compared to the rest of the state, with 23.00%.

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

Vendor discounting in Darlinghurst is giving property investors an average Vendor Discount of around -7.19%. This puts suburb at number 205th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.

Renters in Suburb are facing rents around $10680 per annum or $890 every week.

If you compare the increase in value of investment property in Darlinghurst, 2010 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.00%.

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

Sellers are offering property buyers an average discount of -6.70% to buyers in Darlinghurst at the moment, which is less than average for the rest of NSW.

Using the current median advertised rental of $625 and the average annual increase in value of a median property of 8.60%, investors should hope to achieve an overall return of 3.82%

Metrics i HOUSE UNIT
$1,925,000 $850,000
3.77% -3.95%
23.00% 0.00%
10.89% 8.60%
$890 $625
70 305
2.40% 3.82%
45.68 49.69

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 10060
Median household income ($/weekly) 1840
Median age of persons 34
Median housing loan repayment ($/monthly) 2643
Average household size 1.7
  • Census Count Percent(%)
    20-24 years 827 8.2
    25-34 years 3755 37.3
    35-44 years 2011 20.0
    45-54 years 1314 13.1
    55-64 years 893 8.9
    Others 1261 12.5
    Age Group
    Census Count Percent(%)
    Not Married 4195 56.2
    Defacto Relationship 1913 25.6
    Registered Married 1355 18.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4748 54.8
    Papua New Guinea 490 5.7
    Thailand 182 2.1
    United Kingdom 820 9.5
    Other 795 9.2
    Others 1628 18.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 422 5.1
    Christianity 3711 44.9
    Hinduism 165 2.0
    Judaism 173 2.1
    No Religion 3644 44.1
    Others 155 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 329 7.5
    $1,250-$1,499 324 7.4
    $1,500-$1,999 543 12.4
    $2,500-$2,999 818 18.7
    $4,000 or more 446 10.2
    Others 1920 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4975 59.8
    Not in the labour force 1405 16.9
    Employed, worked part-time 1318 15.9
    Unemployed, looking for work 346 4.2
    Employed, away from work 269 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 1158 17.6
    Professionals 2773 42.3
    Community & personal service workers 583 8.9
    Clerical & administrative workers 726 11.1
    Sales 486 7.4
    Others 837 12.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 111 7.6
    Secondary 81 5.5
    Technical or Further Educational Institution 248 17.0
    University or other Tertiary Institutions 789 54.0
    Other type of educational institution 202 13.8
    Others 30 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5516 69.2
    Semi-detached, row or terrace house, townhouse 2151 27.0
    Separate house 248 3.1
    House or flat attached to a shop, office 57 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2848 61.2
    Being purchased 1083 23.3
    Fully owned 705 15.2
    Other tenure type 16 0.3
    Tenure Type
Census 2011, ABS
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