Over the last year, property investments in Darlington, 2008 have given investors a capital gain of 10.26%. This compares favourably with the 8.02% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Darlington comes in at number 764th in NSW.
The most recent median price for Darlington is $1728500, with sellers offering an average of -5.18% off the asking price.
With the median price for a house in Darlington being $1728500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.44%
Over the last year, property investments in Darlington, 2008 have given investors a capital gain of 11.40%. This compares favourably with the 9.41% for NSW as a whole.
Darlington,2008 was ranked 1294 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Darlington are currently offering property investors an average price cut of 0.00% below the asking price at the moment.
Using the current median advertised rental of $685 and the average annual increase in value of a median property of 3.02%, investors should hope to achieve an overall return of 3.65%
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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.