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MOMENTUM
MEDIA
The suburb’s capital gain of -8.41% for the past year is lower than average compared to its 12.44% growth within a five-year period.
Also in CHATSWOOD, the median home price is sitting at $2,395,000, and the average rent at $1225, this suggests property owners could potentially earn a 2.66% increase in gross rental yield.
Property investors have seen a -10.8% drop in CHATSWOOD based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.51% growth over a ten-year period. It ranks 2611th on our list of suburbs that property investors should look into.
Chatswood is one of the major business and residential districts on the Lower North Shore and the administrative centre of the City of Willoughby. Located 10 kilometres north of the Sydney CBD, the suburb occupies approximately 493 hectares, surrounded by the suburbs of Roseville, Castle Cove and Middle Cove in the north, Chatswood West in the west, Lane Cove, Artarmon and Willoughby in the south and North Willoughby in the east.
ABOUT CHATSWOOD
History
Chatswood was originally inhabited by the Cammeraygal people, who inhabited the area for at least 35,000 to 50,000 years.
Residential settlement was first recorded in 1876, ultimately growing as a result of the installation of the North Shore railway line in 1890 and the opening of the Harbour Bridge in 1932.
The suburb has its named derived from Charlotte Harnett, wife of the then mayor of Willoughby Richard Harnett, and the original “wooded” nature of the area. The area was called Chattie’s Wood after Charlotte’s nickname “Chattie” and then ultimately shortened to Chatswood.
Among the early industries in Chatswood are orcharding and dairy farming, which are most prevalent on the west side of the train station. These industries brought to life several factories, including Dairy Farmers Inc and Three Threes Pickle Factory, which was located in the area now referred to as the Pacific Highway.
In 1983, Chatswood was declared a town centre, then a city in 1989.
A number of residences in the suburb have since been heritage listed, including Windsor Garden, Hilton, Seven Gables and Wycliffe.
Demographics
As of 2018, Chatswood is home to 27,037 people, with a population density of 54.88 persons per hectare. Apart from Australia-born citizens, which represents about 32.4 per cent of the local population, other residents list their countries of birth as China, South Korea, Hong Kong, India and Taiwan. Some of the common languages spoken in the suburb apart from English are Mandarin, Cantonese, Korean, Japanese and Hindi.
Covering 22 per cent of the total land area of the City of Willoughby, the suburb features wholesome and affluent neighbourhood of picturesque suburbs, bordered by national parks and filled with the good mix of multicultural and intimate villages and thriving business hubs that balance nostalgia and elegance.
Famous residents
Many notable personalities from different industries consider Chatswood their home, including actor Ruth Cracknell and opera singer Yvonne Kenny. Artists Arthur Much and Brett Whiteley, poets Banjo Paterson and Kenneth Slessor and pianist Roger Woodward are also from Chatswood.
A number of sportsmen also originated from the suburb, including cricketers Mark Taylor and Victor Trumper, as well as politicians, including former Prime Minister Gough Whitlam.
LIFESTYLE
Chatswood has been widely regarded as “the cultural hub of Sydney’s north shore” as it boasts trendy cafes and restaurants, shopping centres, good schools and parks, libraries, theatres and recreational facilities, as well as a well-connected transport system.
As one of the North Shore’s major commercial and retail districts, Chatswood is considered a “global economic corridor”, home to international corporations including Smith’s Snackfood, Carnival Australia, PepsiCo, Carter Holt Harvey, Nortel Networks, Optus, Lenovo and Huawei, as well as high-density residential towers such as Chatswood Rose.
The revitalisation of the area has brought the housing demand up as more people want to be close not only to the cultural hub but also to work opportunities. Further, $20 billion has been dedicated to improving infrastructure across the suburb, thus enhancing the liveability of the area.
Public transport
Several modes of transportation are available in Chatswood, which connect its residents to the Sydney CBD and other neighbouring suburbs.
The Chatswood railway station served by the T1 North Shore & Western Line and the T9 Northern Line as part of the Sydney Trains network runs southbound to the Sydney CBD and continues on to the western suburbs, and northbound to Hornsby or Gosford and Wyong.
Meanwhile, the first stage of the Sydney Metro runs from Tallawong railway station in North West Sydney to Chatswood station. An extension to the Sydney CBD is currently under construction.
Chatswood also has a major bus terminus with services to Bondi Junction, Sydney City, North Sydney, Mosman, St Leonards/Crows Nest, Kingsford, Balmoral Beach, Manly, Warringah Mall/Brookvale, UTS Ku-ring-gai, Lindfield Precinct, Belrose, Narrabeen, Frenchs Forest, Mona Vale, Burwood, Top Ryde, Macquarie Park/Centre, Castle Hill, Norwest Park, Killarney Heights and Willoughby. There are also interstate bus services between Sydney and Brisbane via North Coast stops at Chatswood.
Some of the major roads that run through Chatswood are the Pacific Highway, Mowbray Road, Boundary Street, Willoughby Road, Eastern Valley Way and Victoria Avenue.
Schools and universities
Hospitals
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Shopping centers
Sports and recreation