Haymarket

POSTAL CODE: NSW, 2000
UNIT

Property investments in HAYMARKET did not fare well against the rest of the country last year, registering a median home price decrease of -0.68%.

Figures from the previous quarter show that capital gains for real estate buyers in HAYMARKET are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains HAYMARKET, 2000 saw average growth in the long term.

This means, real estate investors could earn a rental income of $1200 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In HAYMARKET, homes and units usually stay on listing for an average of 79.1 days.

the NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $955,000

Investors saw the median home price rise to $955,000.

HAYMARKET ranks 6th on the list of best yielding suburbs for rental properties in NSW, posting a 6.53% return.

Surburb overview

Haymarket, NSW 2000, is a vibrant inner-city suburb south of Sydney's central business district (CBD). It is well-known as Sydney’s Chinatown and features a lively mix of Asian restaurants, cafes, supermarkets, and cultural sites. The suburb is characterised by its bustling atmosphere, day and night, with various attractions such as Paddy’s Market, Market City, and the Capitol Theatre, making it a popular spot for residents and tourists.

With a population of 8,305 as of the 2021 census, Haymarket has a young demographic, with the median age being just 27 years. It has a high proportion of foreign-born residents, making up 87% of the population, with the largest groups coming from China, Thailand, Indonesia, and Korea. The predominant languages spoken at home include Mandarin, Thai, and Indonesian.

Haymarket’s housing market primarily consists of high-rise apartments and units, with a median rent of $1,150 per week for units. The median property prices range from $766,000 for a two-bedroom unit to $1.2 million for a three-bedroom unit. The area has a high proportion of renters, with around 53.4% of homes rented.

Public transport is easily accessible in Haymarket, with Central Station on its southern boundary. The suburb is also served by the Inner West Light Rail, the CBD, and the South East Light Rail, making it convenient for commuting. Its walkability and proximity to the Sydney CBD further add to its appeal for professionals, students, and young singles.

Overall, Haymarket’s blend of cultural diversity, convenient transport links, and vibrant atmosphere make it a unique suburb within Sydney’s inner city.

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