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Chippendale, NSW 2008

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Chippendale, NSW 2008 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Chippendale, NSW 2008”

  1. The total adult population (15 years or older) of Chippendale 2008 NSW is 7,527, with a median age of 28. Of those, 15.54% are married, 6.39% are divorced or separated, 77.49% are single and 0.64% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $9,216. The median monthly mortgage repayment for households in this suburb is $2,409 which is 26.14% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Chippendale, postcode 2008, tucked within the heart of New South Wales, plays host to an estimated 5465 households. A snapshot of the third quarter of 2023 reveals that homes in Chippendale trade at an average price of $1,760,069. Meanwhile, homes command a median rent of $946 per week, reflecting a yield of 2.79%.

    When it comes to Chippendale’s socio-economic fabric, it boasts an impressive IRSAD score of 1128 out of 1217, suggesting a relatively high level of access to economic resources, high income levels, and a prevalence of skilled occupations. This ensures a level of stability and prosperity that benefits the overall property market.

    However, it’s important to look out for the renter to owner ratio, which skews heavily towards renters at 76%. Similarly, there’s a high proportion of units against houses, with an 88% units to houses ratio. This trend towards renter-occupied residences and high prevalence of units can put slight downward pressure on rental yields due to competition among landlords.

    As it stands, the property market in Chippendale seems less affordable as the affordability index for houses is remarkably high at 75 years, exceeding the typical 30-year mortgage period.

    In terms of supply metrics for Q3 2023, the stock on market Percentage for houses resides at 0.67%, tending towards a balanced market territory, whereas the inventory level of 4.0 months suggests a neutral market condition approaching higher supply. Interestingly, the building approvals Ratio for houses in Chippendale is at 0%.

    Demand metrics reveal the average days on market for houses is 40, which whilst not in the high demand zone, reflects a fairly steady market. The combined vacancy rate for both houses and units in the suburb is 3.61%, signifying a balance between supply and demand.

    When inspecting online activity, the buy search index for houses sits at the low section of the neutral range at 3, which indicates some level of buyer interest, however, more market stimulation may be needed to lift demand.

    As a property investor, it’s crucial to routinely review property market data and trends to situate yourself favourably for potential capital gains and maintain positive cashflow. Some metrics may sit in less favourable ranges, but they are part of a bigger picture; it is the overall assessment that matters. Tools like HtAG Analytics’ Relative Composite Score (RCS) can simplify this analysis by considering over 80 metrics. Keep an eye on these metrics, and Chippendale may present promising opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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