Oxford St Darlinghurst, NSW 2010
Type of Property: Apartment
Reason of Purchase: Investment
Address: Oxford St, Darlinghurst NSW 2010
The client had been reviewing the market for a second investment property and not finding traction in sourcing properties to match higher yield expectations and potential capital growth.
To best optimise the client’s objectives, the focus became to review stable markets in strongly demanded neighbourhoods. With the client’s regional preferences given as Sydney’s inner East and inner West at a capital budget of AUD $540,000, valued opportunities within such market environments are not so obvious.
As a point of introduction to Darlinghurst, the suburb size is approximately 1 square kilometres. It has 1 park covering nearly 1% of total area.
The population of Darlinghurst in 2006 was 9,453 people. By 2011 the population was 10,049 showing a population growth of 6% in the area during that time. The predominant age group in Darlinghurst is 25-34 years.
Households in Darlinghurst are primarily childless couples and are likely to be repaying between over $4000 per month on mortgage repayments. In general, people in Darlinghurst work in a Professional occupation. In 2006, 37.9% of the homes in Darlinghurst were owner-occupied compared with 38.0% in 2011.
Source: RP Data, January 2015.