Chippendale is a mid-sized suburb in New South Wales within the Sydney local government area (postcode 2008). With a population of 7,803, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $84K per year, with an average household size of 1.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Chippendale is $1.3 million, having dropped significantly 36.1% over the past year. Units have a median price of $960,000 (+26.3% YoY). The current median weekly rent is $885. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,409.
Chippendale is served by 1 school, including 1 primary. The average ICSEA score is 1030, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Chippendale offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.6x is considered stretched. House prices have moved -36.1% year-on-year.
Chippendale is a mid-sized suburb in New South Wales within the Sydney local government area (postcode 2008). With a population of 7,803, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $84K per year, with an average household size of 1.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Chippendale is $1.3 million, having dropped significantly 36.1% over the past year. Units have a median price of $960,000 (+26.3% YoY). The current median weekly rent is $885. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,409.
Chippendale is served by 1 school, including 1 primary. The average ICSEA score is 1030, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Chippendale offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.6x is considered stretched. House prices have moved -36.1% year-on-year.