Darlington is an average performer in NSW when comparing median price capital growth over the last year. Darlington gave property investors a good capital gain figure when compared to the rest of the state, with 1.67%.
Darlington,2008 has offered an average of 1.67% return per annum in house price rises to property investors over the last three years.
NSW has seen average median house prices change by -1.55% which means that Darlington, 2008 has not done well for property investors by showing a capital gain of 36.43% over the last year
Over the longer term, Darlington has seen property prices show investors a 32.66% return over the last 3 years. This is an improvement over the last 12 months
Renters in Suburb are facing rents around $32370 per annum or $622.5 every week.
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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.