Chippendale

POSTAL CODE: NSW, 2008
HOUSE
UNIT

Homeowners and real estate investors betting on CHIPPENDALE, 2008 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.2%.

A steady increase in median property prices over a five-year period in the suburb translates to a 25.62% capital gain.

Property investors in CHIPPENDALE enjoyed capital gains of 11.2% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $2,035,000.

Profits due to an upward trend in home prices there averaged 8.54% per annum over a 3-year period.

Home owners selling their properties and realtors in CHIPPENDALE usually have to wait an average of N/A days before their assets are lifted off the market.

Average weekly rents on listings have reached the $897.5 mark, reflecting a 2.29% increase in returns based on the current median price in CHIPPENDALE.

CHIPPENDALE, 2008 places 848th in Australia based on median property value growth during the quarter.

Surburb overview

Chippendale, NSW 2008, is a vibrant inner-city suburb just 2 kilometres south of the Sydney central business district. The area has undergone significant urban renewal in recent years, transforming it from an industrial zone into a sought-after residential and creative hub. Major roads border the suburb and are adjacent to the University of Technology Sydney (UTS), making it popular with students, young professionals, and families.

Chippendale is culturally diverse, with a population of approximately 7,803 as of the 2021 census. The suburb's vibrant atmosphere is further enhanced by its intense arts scene, which includes more than a dozen galleries and cultural venues, such as the White Rabbit Gallery and Pine Street Creative Arts Centre.

Public transport options are plentiful, with Central Station nearby and numerous bus routes providing easy access to the city and surrounding suburbs. Chippendale is known for its vibrant dining and entertainment options, including popular spots like Spice Alley and the Central Park precinct, which offers a mix of green spaces, dining, and shopping.

While Chippendale offers excellent amenities and a close-knit community vibe, it has limited green space per resident due to recent high-density developments. This scarcity of open space has led to challenges such as the urban heat island effect, making it one of Sydney's warmest suburbs during summer. Despite this, Chippendale's blend of history, culture, and modern living continues to attract a diverse and dynamic community.

You’re out of free articles for this month
Loading form...