With a capital gain of 27.41% for the last 12 months, Chippendale, 2008 has performed for property investments than its average annual 11.15% property growth over the last 5 years.
While Chippendale,2008 ranked number 753th in NSW for increase in median house value (annualised) increase, it is ranked 275th over the last 5 years.
Property investors should expect to get $880 weekly from the median priced house in this suburb.
Investment property in Chippendale has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.25%
While Chippendale,2008 ranked number 399th in NSW for increase in median house value (annualised) increase, it is ranked 426th over the last 5 years.
Chippendale, 2008 is offering NSW ‘s 176th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.
At number 1004 in a list of fastest selling suburbs, Chippendale is in the bottom 40% of suburbs in Australia with an average of days on market 87.81 for properties listed there.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 4.16%, without taking into account capital value appreciation, which has been averaging out at 8.65%.