Chippendale vs Woolloomooloo
Property investment comparison - Chippendale, NSW 2008 vs Woolloomooloo, NSW 2011
Head-to-head across core investment metrics: Chippendale wins 3, Woolloomooloo wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Chippendale | Woolloomooloo |
|---|---|---|
| Median house price | $1.9M | $1.9M |
| Median unit price | $890K | $1.1M |
| Gross rental yield (houses) | 3.25% | - |
| Gross rental yield (units) | 5.80% | - |
| 1-year house growth | -0.5% | +1.7% |
| 3-year house growth | - | +21.6% |
| Vacancy rate | 1.8% | 1.9% |
| Population | 7,803 | 3,792 |
Chippendale vs Woolloomooloo: what the numbers say
The median house price is $1.9M in Chippendale and $1.9M in Woolloomooloo, so Chippendale is the cheaper entry point, with Woolloomooloo houses about 1% dearer.
For units, Chippendale sits at a median of $890K against $1.1M in Woolloomooloo, which makes Chippendale the more affordable unit market and Woolloomooloo the pricier one.
Over the past year house prices moved -0.5% in Chippendale and +1.7% in Woolloomooloo, so recent momentum favours Woolloomooloo, while Chippendale went backwards.
Rental vacancy is 1.8% in Chippendale and 1.9% in Woolloomooloo, so landlords in Chippendale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Chippendale is the bigger suburb, with a population of 7,803 against 3,792, roughly 2.1 times the size of Woolloomooloo; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Chippendale for a lower purchase price, Woolloomooloo for recent price momentum, Chippendale for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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