Located in New South Wales within the Sydney local government area, Chippendale is a mid-sized suburb (postcode 2008). With a population of 7,803, the suburb has a predominantly early-career 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and accommodation & food. The top ancestries reported are Chinese, English, Australian.
The median house price in Chippendale is $2.0 million, having surged by 10.1% over the past year. Units have a median price of $329,000 (-56.7% YoY). The current median weekly rent is $852. This gives a gross rental yield of approximately 2.2%. 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 7,608 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.2% (low yield). Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.5x is considered stretched. House prices have moved +10.1% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.