A man has been charged over an alleged arson attempt at a Newtown synagogue in Sydney earlier this month.

Police arrested a 33-year-old man after carrying out two search warrants overnight on Pyrmont Bridge Road, Camperdown.

The man was taken to hospital under police guard, but was later released from care and charged with property damage offences, possessing suspected stolen goods, and cultivating an illegal plant.

A man has been arrested over an alleged attempted arson attack on a synagogue in Newtown, Sydney. (NSW Police)

Police also seized a number of items for examination.

The man was refused bail and will appear in court today.

The charges relate to an alleged attempt to set a synagogue alight on Georgina Street, Newtown, on January 11.

Offensive graffiti, appearing to be swastikas, was also allegedly sprayed on the building.

The investigation continues.

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