Life And Style In Chippendale

February 11th, 2022 - by Brad Gillespie

Chippendale has all the right ingredients for a super hip inner city enclave – historic industrial vibe, uber cool bars and restaurants, thriving contemporary art scene and a prime inner city position.

Find out what makes this eclectic and diverse neighbourhood a great place to live.

Lively food and drink scene

Whether you’re in search of artisanal sourdough, quality small goods, Asian street food or a South American-inspired cocktail, you’ll find what you’re looking for in Chippendale.

Since it opened in 2015, Kensington Street, home to the Spice Alley group of restaurants and bars, The Old Clare Hotel and Automata restaurant, has become one of the inner city’s most dynamic dining precincts.

Elsewhere in Chippendale, Brickfields serves up its famous baked goods, Ester is known for its simple but finessed fare and LP’s Quality Meats dishes up boutique smallgoods as well as offering eat-in dining.

Those looking to quench their thirst can choose from buzzy, hip bars, like The Barrie or Cartel, which stocks more than 50 tequilas and 60 mezcals, or a traditional inner-city pub like The Lord Gladstone or The Rose Hotel.

Vibrant contemporary art precinct

Those in the know know that Chippendale is the place to go for contemporary art in Sydney. Judith Neilson’s White Rabbit Gallery has the highest profile of Chippendale’s dozen or so galleries, housing its impressive collection of more than 2,700 pieces of contemporary Chinese art within a former Rolls Royce service depot. Other standouts include Galerie pompom, which favours fun, colourful and controversial new artists, and the artist-run Peach Black, which runs life drawing sessions as well as staging concerts and exhibitions in its new space on Abercrombie Street.

Perfect inner city position

Chippendale’s prime location, nestled alongside Surry Hills, Redfern and Ultimo and only 2.5km south of the CBD, offers the best of inner-city life. It’s an easy walk to Sydney University, UTS, Central train and light rail stations, Broadway shops, the Seymour Centre theatre, and the green expanses of Victoria Park and Prince Alfred Park.

Ultra-convenient Central Park Mall

The opening of the Central Park development on Broadway around eight years ago was a major catalyst for Chippendale’s transition to the supremely liveable inner-city neighbourhood that it is today.

Built on the site of the historic Kent Brewery, which produced beer for 170 years before closing in 2003, the Central Park Mall is home to supermarkets, retail outlets, eateries and services and amenities. The award-winning development also includes three residential buildings, one of which features distinctive vertical gardens, and two public green spaces.

Who lives in Chippendale?

The typical Chippendale resident is 26 years old, has never married and lives with one other person. Being so close to Sydney Uni and UTS means Chippendale is a haven for students, with 62% of its residents studying at university or another tertiary institution, according to the 2016 census. Chippendale also attracts young professionals and first home buyers who find themselves priced out of Surry Hills and Darlinghurst. With a median unit price below the Sydney median of $800,000, it’s still possible to snap up a unit in Chippendale with a 10% deposit of less than $100,000.

According to the 2016 Census, 33% of Chippendale’s residents have Chinese ancestry, while 11% have an English background. Chippendale property is popular with both overseas-based and local buyers.

Most (58.6%) Chippendale households don’t own a car, with walking, train and bus the top three ways locals get to work.

What are the homes in Chippendale like?

Chippendale homes are a mix of modern apartments, character-filled Victorian-era terraces and industrial warehouse conversions.

Units are the most common form of home in Chippendale, making up 87% of the suburb’s housing stock. There are also more than 300 Victorian terraces, and together with townhouses and other semi-detached properties, they represent 11% of the area’s homes. A handful of Chippendale’s residential buildings are converted warehouses, taking on a new lease of life either as apartments or, less commonly, single dwellings.

Single bedroom homes are the most prevalent (45.1%), while two-bedroom dwellings make up 29%, and three-bedroom homes are 10.1% of Chippendale’s residences. Homes with four or more bedrooms comprise only 4% of Chippendale’s housing stock, so sell for a premium.

The majority (71.4%) of Chippendale’s homes are rented, making it a prime candidate for property investment.

Chippendale Property Market Snapshot

As of December 2021, according to realestate.com.au.

Median house price: $1,611,000
Median unit price: $736,500

Average weekly rent
Houses: $790
Units: $500

Annual rental yield
Houses: 2.5%
Units: 3.5%

Compound growth rate (based on five years of sales)
Houses: 1.4%
Units: -3.4%