When talking about multicultural suburb locations, one cannot make a list without including Chatswood in the conversation. If you are looking for an area rich in culture from all around the globe, and wants a home in a well – connected place, great shops and gorgeous cafes, while having the advantage of great parks and notable schools, then Chatswood is the place for you. It is a popular area known for its amazing residential properties and fantastic local amenities, a veritable work-and-play destination. Chatswood offers everyone a choice of what they want, whether it is about shopping, restaurants, cafes, and more. Even in properties it can offer you numerous options from studios to family estates. Buying a land, house or any real estate in Chatswood is an opportunity to bask in its energy and vibrancy.
Real Estate in Chatswood: By the Numbers
A real estate property in Chatswood would cost $2,237,500 in the average, and between $2,000,000 to $2,500,000 you can find yourself a spacious 3- bedroom property or a 4- bedroom house fit to welcome a growing family. The median rent here is $1000 per week for a decent 3 –bedroom unit, and $1200 for a 4 – bedroom rental. Chatswood has an average demand in the market, with 478 visits per property. Over the last five years, the median house price in the area has increased for about 81%, with a rate of 12.6% compound annual growth. Based on 191 property rentals and over a hundred sales in the last year, Chatswood’s house rental yields is 2.3%.
(Data from Realestate.com.au)
Why Choose Chatswood
Chatswood is a busy district, and its energy is flowing through the locals. It has a little bit of everything for everyone, whether you came for the art, the food, the shopping experience, or even if you are just looking to break a sweat at the local gyms. It has one of the largest libraries in Australia, and you can find musicians busking on every corner of its streets in front of hip shops, a testament to the balance of the area’s local color and culture.
Only half of the residents here are Australian, and about 20% of locals here are Chinese. Because of its multicultural identity, the local taste also varies, hence the abundance of options in cuisine, the arts, and the basic everyday items and groceries. Whether you are in need of a quick coffee fix or just looking to shop, Chatswood never disappoints to entertain. It is one of North Shore’s strongest commercial districts.
Most residents in Chatswood use the bus as the main public transportation, as it is also well serviced and connected by trains. It also offers numerous public and private schools for primary and secondary education. Californian Bungalows are famous in the area, while still offering period abodes and properties ready for redevelopment. If you are looking for a unit, luxury apartments tower the suburbs offering affordable rentals and high – end units.
Chatswood is a multicultural area just 10 kilometers away from the Sydney central business district, and in here the colorful local culture and local amenities are truly enticing for investors and first – time property owners today.
Other Popular Suburbs in New South Wales
Other Regions in Australia
Other locations in Australia are equally as desirable as New South Wales. Choose a region below to find out the best locations in the area. If you need information on the real estate buying process for foreigners in Australia, check our Foreign Investor's Guide.
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