Chatswood West

POSTAL CODE: NSW, 2067
HOUSE

CHATSWOOD WEST, 2067 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $2,395,000.

Profits due to an upward trend in home prices in the suburb averaged 4.68% per annum over a 3-year period.

CHATSWOOD WEST now ranks at the 1284th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CHATSWOOD WEST are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1225 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CHATSWOOD WEST, homes and units usually stay on listing for an average of 53.6 days.

In 2016, 24 properties were sold in CHATSWOOD WEST during the past year, making it the 820th most active market in NSW based on total real estate transactions.

Surburb overview

Chatswood West, located approximately 11 kilometres north-west of Sydney's central business district, is a suburb on the Lower North Shore within the local government areas of the City of Willoughby and the City of Ryde. It is situated between the larger suburbs of Chatswood and North Ryde, straddling the Lane Cove River and encompassing the valley flats and ridges leading down to the river.

As of the 2021 census, Chatswood West had 1,521 residents. The median age was 46, with 55.2% of people born in Australia and 11.2% in China. English was the only language spoken at home by 60.9% of residents, while 13.3% spoke Mandarin.

Public transportation in Chatswood West includes regular bus services connecting the area to the Chatswood central business district and other suburbs such as North Ryde. The main bus routes serving Chatswood West are routes 255 and 256, operated by Busways.

Essential establishments in Chatswood West include the Chatswood Golf Club, offering recreational facilities for residents and visitors. The suburb is primarily residential, with small commercial areas on Fullers Road.

For recreation, Chatswood West boasts several parks and forest reserves, such as Ferndale Park, which features walking tracks and natural bushland. The suburb provides access to Lane Cove National Park via entrances on Lady Game Drive and Delhi Road, near Fullers Bridge, offering additional opportunities for outdoor activities.

The housing landscape in Chatswood West is predominantly composed of detached houses. As of 2016, the average house price was $1,740,000, and the average rental price was $700 per week. Many residences, particularly those on Greville Street, Colwell Crescent, and Mooney Street, overlook the Chatswood Golf Club, providing scenic views.

Chatswood West offers a quiet, leafy, and family-friendly environment, contrasting with the hustle and bustle of downtown Chatswood. Its residential tranquillity, essential amenities, and proximity to natural reserves make it a desirable suburb within Sydney's Lower North Shore.

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