Suburb Profile Report for Chipping Norton NSW (2170)

Chipping Norton House: Median price $975,000, Annual capital growth 7.82%, Number of sales 103, Weekly median advertised rent $580

Chipping Norton Unit: Median price $515,000, Annual capital growth 7.28%, Number of sales 34, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Chipping Norton, 2170 have given investors a capital gain of 10.48%. This compares averagely with the 9.74% for NSW as a whole.

Chipping Norton,2170 was ranked 641 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.06% to buyers in Chipping Norton at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Chipping Norton the average time real estate has been on the market is 54.2 days.

Using the current median advertised rental of $580 and the average annual increase in value of a median property of 7.82%, investors should hope to achieve an overall return of 3.09%

Chipping Norton, 2170 ranked 537th in NSW when comparing growth in median property values or capital gain over the last 12 months. Chipping Norton is one of 3163 in our list for NSW

Our latest figures would indicate that property sellers in Chipping Norton are currently offering property investors an average price cut of -4.41% below the asking price at the moment.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 4.14%, without taking into account capital value appreciation, which has been averaging out at 7.28%.

Metrics i HOUSE UNIT
$975,000 $515,000
5.98% N/A
10.48% -10.43%
7.82% 7.28%
$580 $410
103 34
3.09% 4.14%
54.2 81.41

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Chipping Norton NSW
Demographics
Total population 8836
Median household income ($/weekly) 1609
Median age of persons 37
Median housing loan repayment ($/monthly) 2057
Average household size 3
  • Census Count Percent(%)
    5-14 years 1114 12.6
    25-34 years 1182 13.4
    35-44 years 1184 13.4
    45-54 years 1272 14.4
    55-64 years 1277 14.5
    Others 2807 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 3672 54.8
    Not Married 2636 39.4
    Defacto Relationship 390 5.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5763 68.2
    Japan 205 2.4
    Malaysia 197 2.3
    Viet Nam 334 4.0
    Other 572 6.8
    Others 1378 16.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 417 5.0
    Christianity 6295 76.2
    Hinduism 167 2.0
    Islam 476 5.8
    No Religion 832 10.1
    Others 79 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 223 8.8
    $1,250-$1,499 215 8.5
    $1,500-$1,999 366 14.5
    $2,000-$2,499 306 12.1
    $2,500-$2,999 258 10.2
    Others 1157 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3031 43.9
    Not in the labour force 2200 31.9
    Employed, worked part-time 1210 17.5
    Employed, away from work 255 3.7
    Unemployed, looking for work 205 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 568 12.6
    Professionals 832 18.5
    Technicians & trades workers 673 15.0
    Clerical & administrative workers 899 20.0
    Sales 438 9.7
    Others 1085 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 149 7.2
    Infants/Primary 697 33.9
    Secondary 590 28.7
    Technical or Further Educational Institution 199 9.7
    University or other Tertiary Institutions 388 18.8
    Others 36 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7404 88.3
    Flat, unit or apartment 532 6.3
    Semi-detached, row or terrace house, townhouse 440 5.2
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1149 41.6
    Fully owned 1140 41.3
    Rented 460 16.7
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals