Suburb Profile Report for Dulwich Hill NSW (2203)

Dulwich Hill House: Median price $1,290,000, Annual capital growth 9.44%, Number of sales 84, Weekly median advertised rent $700

Dulwich Hill Unit: Median price $673,500, Annual capital growth 7.69%, Number of sales 146, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Dulwich Hill, 2203 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.04%

Across a shorter period, Dulwich Hill, 2203 has seen a median price increase of -7.86% over the last quarter.

Our latest figures would indicate that property sellers in Dulwich Hill are currently offering property investors an average price cut of -8.11% below the asking price at the moment.

A $700 per week rent on the median house gives suburb investors a gross yield of circa 2.82%, without taking into account capital value appreciation, which has been averaging out at 9.44%.

Dulwich Hill has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.46% to date .

Dulwich Hill,2203 has offered an average of 3.46% return per annum in house price rises to property investors over the last three years.

The most recent median price for Dulwich Hill is $673500, with sellers offering an average of -3.85% off the asking price.

George Raptis Information supplied by:

George Raptis
Metropole Property Strategists

M (02) 9327 2266
O 0411 389 996

W http://www.metropole.com.au/
E graptis@metropole.com.au
Dulwich Hill is one of the ‘outer’ inner west suburbs experiencing the ripple effect in Sydney. More affordable than its northern neighbours, the suburb appeals to a mix of residents – particularly students and young professionals. Household incomes are higher than the NSW average at $1,553pw.

Full summary

Dulwich Hill is a residential suburb in the Inner West of Sydney, in the state of New South Wales, Australia. Dulwich Hill is located 9 kilometers south-west of the Sydney central business district, in the local government area of Marrickville Council. Dulwich Hill stretches south to the shore of the Cooks River.

Dulwich Hill is one of the ‘outer’ inner west suburbs experiencing the ripple effect in Sydney. More affordable than its northern neighbours, the suburb appeals to a mix of residents – particularly students and young professionals. Household incomes are higher than the NSW average at $1,553pw.

The suburb features two shopping areas: a small precinct in Wardell Road and a main shopping area around the northern end of Marrickville Road – at its intersection with New Canterbury Road. Dulwich Hill is also well placed to access other inner west lifestyle suburbs such as Newtown, Leichardt and Glebe, with all their amenities, as well as larger shopping centres such as the Westfield in Burwood.

At present, access to the city is is provided by a number of buses and the Bankstown railway line, with Dulwich Hill rail station located in the south of the suburb. However, a new light rail service is currently being extended to Dulwich Hill, and there will be four new stations located in the suburb.

While access to the city will still be quicker by the Bankstown line, the light rail service will provide better access to the suburbs north of Parramatta Road as well as Darling Harbour. The project also includes a shared walking and cycling path with bushcare sites, a ‘greenway’ from the Cooks River to Iron Cove, and is scheduled to be completed in 2012.

The addition of light rail is likely to increase demand from both renters and buyers, seeing pressure on rents – and values –  increase further. Streets near Wardell Road are likely to offer a good mix of lifestyle and transport options. The Boulevarde is also a popular street to the north of the suburb.

Selling points: 
As a suburb which went through substantial development in the early 20th century, it now is hugely popular with young professional couples looking to reside in inner city living, closer to all amenities.  With a vibrant village feel, Dulwich Hill is applauded for its multicultural community.  A New York Times article explores the variety of international food shops on the shopping strips along Marrickville and New Canterbury Rd.
 
A new light rail is also under construction due for completion in 2014 that will connect many other of the outer suburbs to Dulwich Hill and the CBD.
 
Most sought-after properties: 
One & two bedroom apartments are always popular, especially with district views in smaller boutique blocks. Comprising of a mix of both home buyers and investors they love the central location which appeals to many young professional couple tenants, particularly in the quieter tree-lined streets.
 
Most common properties:  
From art deco apartments, to 1960s and ‘70s apartments, through to modern units. The suburb has an array of popular federation housing architecture such as Californian Bungalows and large land blocks making Dulwich Hill more recently become popular with families and young people.  It also features examples of Edwardian, Gothic and Italianate architecture. 
 
Top amenities: 
Dulwich Hill features two shopping areas, a small number of shops on Wardell Road near Dulwich Hill railway station and the main shopping area around the northern end of Marrickville Road and its intersection with New Canterbury Road.
 
Local industry and business:
The main local industries and businesses are retail trade having over 7,000 local businesses. 
 
Recent changes: 
See transport
 
Best streets: 
The best areas to buy in are from the train line north to New Canterbury Road. These are the most sought after locations because of the close proximity to the train station. Hot streets include Cobar, Keith, The Boulevard, Myra & Riverview. All are popular because they are a short walk to the coffee, cake, and park attractions.
 
Public transport: 
Modern public transport to the area consist of Cityrail railway services and several routes serviced by government buses which provide practical and frequent serviced to the Sydney CBD and south –western suburbs. A light rail route is also under construction due for completion in 2014. The current light rail service that runs from Central Start to Lilyfield is now being extended to Dulwich Hill. The service will also interchange with Lewisham railway station on the Inner West Line.
 
Main arteries: 
Marrickville Rd, New Canterbury Rd and Wardell Rd all lead into the main thoroughfare. 
Close
HOUSE UNIT
$1,290,000 $673,500
-7.86% 2.43%
-0.04% 3.46%
9.44% 7.69%
$700 $490
84 146
2.82% 3.78%
67.52 42.2

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Dulwich Hill NSW
Demographics
Total population 12981
Median household income ($/weekly) 1540
Median age of persons 36
Median housing loan repayment ($/monthly) 2200
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1302 10.0
    25-34 years 2489 19.2
    35-44 years 2548 19.6
    45-54 years 1889 14.6
    55-64 years 1185 9.1
    Others 3568 27.5
    Age Group
    Census Count Percent(%)
    Not Married 4458 46.3
    Registered Married 3867 40.2
    Defacto Relationship 1297 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 7323 61.4
    Hong Kong 467 3.9
    Papua New Guinea 312 2.6
    United Kingdom 549 4.6
    Other 1193 10.0
    Others 2083 17.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 501 4.3
    Christianity 6694 57.7
    Hinduism 222 1.9
    Islam 475 4.1
    No Religion 3597 31.0
    Others 115 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 434 9.1
    $1,250-$1,499 394 8.3
    $1,500-$1,999 699 14.7
    $2,000-$2,499 478 10.1
    $2,500-$2,999 563 11.8
    Others 2187 46.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4665 47.1
    Not in the labour force 2664 26.9
    Employed, worked part-time 1794 18.1
    Employed, away from work 417 4.2
    Unemployed, looking for work 374 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 964 14.0
    Professionals 2362 34.4
    Technicians & trades workers 699 10.2
    Community & personal service workers 548 8.0
    Clerical & administrative workers 1011 14.7
    Others 1290 18.8
    Occupation
    Census Count Percent(%)
    Pre-school 198 7.1
    Infants/Primary 837 29.9
    Secondary 542 19.3
    Technical or Further Educational Institution 326 11.6
    University or other Tertiary Institutions 777 27.7
    Others 123 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5265 44.3
    Flat, unit or apartment 5168 43.5
    Semi-detached, row or terrace house, townhouse 1239 10.4
    House or flat attached to a shop, office 208 1.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2108 41.6
    Being purchased 1669 32.9
    Fully owned 1276 25.2
    Other tenure type 14 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals