Campsie

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Two older manufacturing facilities positioned in the Campsie Industrial precinct have sold at auction for $4.025 million.
Knight Frank held the listing for 16-18 Harp Street, Campsie located 12.9 km from the Sydney CBD. 
Set on 2,755 sqm of IN2 zoned land, positioned in the tightly held Campsie Industrial precinct and 
The listing said that this asset is well suited for a "wide variety of occupiers or investors seeking a significant value-ad opportunity."
Both warehouses are functional with clearances up to 9.5m.
Warehouse A is 441.9 sqm and Warehouse B 898.35 sqm plus an additional mezzanine.
Both warehouses are currently tenanted on monthly holdover.
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j.ballantyne1990-6AQqhLzZaK

Two Campsie manufacturing facilities sold for over $4 million

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In the iconic book The Lucky Country, author Donald Horne described Australia as the <a href="http://www.abs.gov.au/ausstats/abs@.nsf/lookup/Media%20Release10" target="_blank">first suburban nation</a>. Half a century later, the moniker is perhaps truer than ever. We calculate that the <a href="https://books.google.com.au/books?id=eMYpDwAAQBAJ&amp;pg=PT119&amp;dq=Lucky+country+first+suburban+nation&amp;hl=en&amp;sa=X&amp;ved=0ahUKEwjB9Jmhw6_eAhVQEnAKHTOAAqwQ6AEIQDAE#v=onepage&amp;q=Lucky%20country%20first%20suburban%20nation&amp;f=false" target="_blank">five largest metro areas</a> now house 64% of Australia’s population. And the greatest population growth is in peri-urban fringe areas.
<a href="https://grattan.edu.au/news/most-new-housing-isnt-high-end-housing/" target="_blank">Most new housing is built in the suburbs</a>, and detached dwellings are a staple of the “Australian Dream” of home ownership. So it should come as no surprise that Australia’s <a href="http://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/3412.0Main%20Features42016-17" target="_blank">most rapidly growing ethnic group</a>, migrants born in mainland China, is choosing to settle in the suburbs.
<a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/1745-5871.12293" target="_blank">Our research</a> finds that the residential patterns of China-born migrants in Australian capital cities are becoming both more diverse and more suburban.
Chinese migration to Australia dates back longer than the Commonwealth itself, with the first wave tied to the 19th-century <a href="https://sydneylivingmuseums.com.au/stories/chinese-goldfields" target="_blank">gold</a> <a href="https://cv.vic.gov.au/stories/immigrants-and-emigrants/many-roads-chinese-on-the-goldfields/" target="_blank">rushes</a>.
In the <a href="https://www.aph.gov.au/sitecore/content/Home/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/CIB/CIB9697/97cib16" target="_blank">1980s and 1990s</a>, ethnic Chinese from Hong Kong, Taiwan and the “Nanyang” countries of Southeast Asia (e.g. Singapore, Malaysia) came to Australia along with migrants from mostly southern mainland China.
Since 2000, Chinese migration to Australia has been more geographically diverse in its origins. These migrants have also been increasingly advantaged in socio-economic status and <a href="https://theconversation.com/what-we-know-about-why-chinese-students-come-to-australia-to-study-97257" target="_blank">often driven by tertiary education</a>.
Australia is now home to more than <a href="http://www.abs.gov.au/AUSSTATS/abs@.nsf/mediareleasesbytitle/D8CAE4F74B82D446CA258235000F2BDE?OpenDocument" target="_blank">1.2 million people of Chinese ancestry</a>, <a href="http://www.abs.gov.au/AUSSTATS/abs@.nsf/mediareleasesbytitle/D8CAE4F74B82D446CA258235000F2BDE?OpenDocument" target="_blank">41% of them born in mainland China</a>.
<h2>Diversity in dispersal patterns</h2>
Just like most Australians, these China-born migrants are concentrated in major cities. The Chinatowns in cities like <a href="https://theconversation.com/sydneys-chinatown-is-much-more-of-a-modern-bridge-to-asia-than-a-historic-enclave-94482" target="_blank">Sydney</a> and <a href="https://theconversation.com/friday-essay-the-story-of-fook-shing-colonial-victorias-chinese-detective-94017" target="_blank">Melbourne</a> remain as important cultural icons. Yet the reality is that, just like cities such as New York, Toronto and Vancouver, there has been an obvious trend of China-born migrants dispersing to live in the suburbs.
In our study covering the three census periods from 2001 to 2011, China-born residential patterns became more diverse over time. There has been greater dispersal in the large cities (Sydney, Melbourne and Brisbane) and clustering in medium and smaller cities (Adelaide, Perth, Hobart, Darwin and Canberra).
In other words, as the local population of China-born migrants gets larger and more complex, multiple Chinese enclaves emerge. These include Hurstville and Campsie in Sydney, Burwood and Clayton in Melbourne, and Sunnybank and Sunnybank Hills in Brisbane.
<a href="https://images.theconversation.com/files/243195/original/file-20181031-76405-30oc7e.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/243195/original/file-20181031-76405-30oc7e.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a> Campsie is one of the Sydney suburbs popular with China-born migrants. <a class="source" href="https://www.shutterstock.com/image-photo/sydney-australia-apr-6-2018-vehicle-1094335619?src=7SEue2_X5ygQd-1mlyFrzg-1-0" target="_blank">Victor Wong/Shutterstock</a>
In the smaller capital cities of Adelaide, Hobart, Darwin and Canberra, residential clusters appear to emerge near major universities in inner cities. Here, housing markets and planning initiatives play a strong role as well. Clustering appears mostly in and around inner cities, which may be tied to the construction of high-rise unit blocks.
Interestingly, the diversity of this suburbanisation － particularly in Melbourne and Sydney － runs counter to the narrative of the “straight line” assimilation model. This is based on the idea that migrants and their children simply amalgamate into the population at large. Unlike what such “traditional” models predict, the integration of China-born migrants has been accompanied by concentration growing stronger over time, mainly in the outer suburbs, regardless of their socioeconomic status.
The association among residential improvement, individual advantages and entry into mixed White neighbourhoods may be weakening. This is reflected in the growing tendency towards living in Chinese-dominated communities with the benefits of easy access to Chinese-owned business and services. Formation of ethnic concentrations is voluntary, which runs counter to the idea that a lack of options forces migrants to segregate.
<h2>A new look for suburbia</h2>
With about <a href="http://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/2024.0Main%20Features22016" target="_blank">half of Australians</a> born overseas or having an overseas-born parent, migration has rendered Australia <a href="https://www.theguardian.com/australia-news/2017/jun/27/australia-reaches-tipping-point-with-quarter-of-population-born-overseas" target="_blank">one of the world’s most diverse countries</a>. While television shows such as Neighbours and Home and Away still <a href="https://www.tandfonline.com/doi/full/10.1080/07256868.2013.864628" target="_blank">depict suburbia as the preserve of the moneyed Anglo-Australians</a>, the composition of today’s suburbs mirrors the <a href="http://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/2024.0Main%20Features22016" target="_blank">diversity of the nation</a>. Just remember that next time you are trying to find a good acupuncturist!
<a href="https://theconversation.com/profiles/thomas-sigler-339478">Thomas Sigler</a>, Lecturer in Human Geography, <a href="http://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a>; <a href="https://theconversation.com/profiles/jonathan-corcoran-413910" target="_blank">Jonathan Corcoran</a>, Professor, School of Earth and Environmental Sciences, <a href="http://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a>; <a href="https://theconversation.com/profiles/siqin-sisi-wang-562255" target="_blank">Siqin (Sisi) Wang</a>, PhD and Research Assistant, School of Earth and Environmental Sciences, <a href="http://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a>, and <a href="https://theconversation.com/profiles/yan-liu-427762">Yan Liu</a>, Associate Professor, School of Earth and Environmental Sciences, <a href="http://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a>.
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/where-are-chinese-migrants-choosing-to-settle-in-australia-look-to-the-suburbs-103920" target="_blank">original article</a>.
Main image photo credit: <a class="source" href="https://www.shutterstock.com/image-photo/aerial-view-typical-suburb-australia-641677402?src=VkZnqgoaYk6tWt7fljUTTA-1-2" target="_blank">Jandrie Lombard/Shutterstock</a>
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Where are Chinese migrants settling in Australia?

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A newly completed fully leased 12-unit block in Campsie has been listed for sale.
The 62 Second Avenue offering is among the raft of new boutique blocks that have hit the market in one line.
CBRE is also marketing a 30-unit block at <a href="https://www.commercialrealestate.com.au/property/9-campbell-street-parramatta-nsw-2150-2014331182" target="_blank">9 Campbell Street in Parramatta</a> inconjunction with Walter Herrmann Real Estate.
The block of 30 apartments, comprising of five one-bedroom apartments; 21 two-bedroom apartments, four three-bedroom apartments plus one retail suite, had a gross annual income $823,887.
It is strata subdivision approved.
A nine-level 16-apartment apartment building at 50 Waverley Street, Bondi Junction is on the market through Metro Commercial Property Group.
CBRE's Robert Dowdy said the sellers - and developers - are looking to recycle their capital quicker through one-line sales.
The Australian Financial Review noted there was "good demand" for whole blocks of units, particularly from mum and dad investors with large portfolios, family trusts, self-managed and large superannuation funds.
There has been a regular supply of establish unit blocks for sale too.
At Homebush, an entire building of 10 by two bedroom already strata titled apartments are being offered in one line.
It is currently rented returning $224,000 approx gross per annum at 50 Burlington Road.
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Whole block apartment offerings on the rise in Sydney

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An early 1980s Campsie two bedroom apartment has been sold for $650,000 by mortgagees.
It was sold by John Gymellas and Luke Jacob from Raine &amp; Horne Bexley.
It last sold in 2012 at $385,000.
It was leased for $420 per week in 2015.
Situated within the heart of Campsie, the 4/18-20 Park St unit comes with two bedrooms, open plan living space, recently updated kitchen and protected wraparound balcony. 
Located within a short walk of Campsie Centre, trains and Campsie Public School, it's surrounded by lifestyle attractions including parks and pools.
The suburb's median unit price sits on<a href="https://www.urban.com.au/expert-insights/buying/3414-campsie-nsw" target="_blank"> $630,000</a>, according to CoreLogic. 
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Campsie two bedroom apartment sold by mortgagee

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Campsie was the second suburb in the CoreLogic list of the top 10 Sydney suburbs with the lowest median value with 10 kilometres of the CBD. 
There was a median value of $608,394 in the inner west suburbs.
There were an annualised 339 sales over the period.
A two Campsie apartment that has just gone under contract was priced at <a href="https://www.realestate.com.au/property-unit-nsw-campsie-117803103" target="_blank">$629,000</a> (pictured above). It last traded for $548,000 in 2014.
Another two bedder on Hill Street sold at<a href="https://www.realestate.com.au/sold/property-unit-nsw-campsie-126805262" target="_blank"> $639,000 </a>earlier this month. That last sold for $386,000 in 2013.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/22/SYD%206.jpg" alt="">
A two bedroom apartment has been sold for $583,000 in January. The <a href="https://www.realestate.com.au/sold/property-unit-nsw-campsie-126949770" target="_blank">32 Dryden Street top floor apartment</a> sold tenanted at $480 per week having last traded for $330,000 in 2003.
Another Campsie apartment was sold by Peter Kassas and George Arrage from Raine &amp; Horne last year for $605,000, taking just seven days to sell.
The <a href="https://www.realestate.com.au/sold/property-apartment-nsw-campsie-126807930" target="_blank">Claremont Street unit</a> came with two bedrooms and one bathroom. It has rapid access to Sydney airport and the Inner West.
 
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