Get a property report and suburb profile for any property in Chippendale

Chippendale is an inner-city Sydney suburb south of the CBD that mixes an industrial past with a lively urban character. Narrow laneways and Victorian terraces sit beside converted warehouses and contemporary apartments, creating a compact neighbourhood popular with students, creatives and young professionals. It has a strong arts and food scene, including the White Rabbit Gallery, busy cafés and restaurants, and small parks and community spaces for leafy breaks. Central Station, major bus routes and shopping along Broadway are all close by.

The suburb is home to 7,803 people, with a median age of 28 and a median household income of $1,606 a week, roughly $83,500 a year. Homes are largely rented: owner-occupied dwellings total 22.0% while 78.0% are rented, roughly four in five homes. Council is progressing a Chippendale Community Sustainability Precinct with measures such as shared-zone street treatments, rainwater swales, expanded community composting and accessibility improvements at the Pine Street Creative Arts Centre. That mix of creativity, convenience and mostly rental housing is what living in Chippendale looks like.

On the figures here, housing in Chippendale would take a large share of what a typical local household earned at the last Census. House rent of $1,100 a week is about 68.4% of a typical local weekly household income at the last Census, and unit rent of $900 a week is about 56.0%. The median unit price of $915,000 works out to roughly 11.0 times a typical local household's annual income at the last Census, which sits well above local incomes. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months the picture in Chippendale was mixed. Median house values edged down 0.8%, while median unit values jumped 18.9%.

On the income side, house rents rose a modest 4.8% and unit rents rose a solid 5.9%. That means units outperformed houses over the year on both capital movement and rental growth, while houses saw a slight fall in value alongside a modest increase in rent. Whether that balance fits your investment goals depends on your objectives and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.