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The Property Professor visits the suburb of Camperdown in NSW to assess its investment pros and cons.
Overview
Camperdown is 4km from the Sydney CBD. It’s typical of many of the inner city suburbs of our capital cities as the streets are lined with older character homes.
In Camperdown, the character homes are generally Federation style single storey cottages. There are many one way streets and laneways but there also lovely, wide tree lined streets in this suburb. The University of Sydney is based here so the area has quite a young demographic residing in the area, as many students prefer to live close to the university.
The Camperdown campus of the University of Sydney covers more than half of this suburb and this huge institution dominates the suburb, not only geographically but also in terms of the population that wish to live in this area.
There are two schools in Camperdown, including the Bridge Road School is a Kindergarten to Year 4 school for children with mental health disabilities.
City access is simple, with many buses that travel along Parramatta Road, which provides quick and easy access into the city, Parramatta Road is also home to the area’s main retail precinct. The closest train station is in the adjacent suburb of Newtown. Royal Prince Alfred Hospital is located in the heart of Camperdown.
Why you should buy here
- Close to the city
- Walking distance to the highly acclaimed King St, Newtown, one of the foremost “eat streets” of Sydney
- Many opportunities to add value through renovating the Federation style cottages
- The high volume of people that are attracted to the university and the hospital provide investors with a large pool of tenants for their investment properties. As a result of the demand from university students and hospital workers, property investors are able to maintain relatively high rents and keep their vacancy rates low
Areas to focus on
Focus on the following wide streets; Northwood, Roberts and Hopetoun Sreet. Fowler Street, which overlooks Camperdown Park, is in a lovely picturesque setting.
Areas to avoid
Parramatta Road is an extremely busy thoroughfare. Missenden Road is also busy as the main entrance to the hospital and university is off this road. Ambulances with sirens wailing detract from the residential appeal of this road.
Happy House Hunting!
Written by Peter Koulizos, university lecturer, author and buyers advocate.
