If you compare the increase in value of investment property in Darlington, 2008 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.28%.
Darlington,2008 has offered an average of -2.28% return per annum in house price rises to property investors over the last three years.
Property investors should expect to get $867.5 weekly from the median priced house in this suburb.
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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.