Chatswood is a sizeable suburb in New South Wales within the Willoughby local government area (postcode 2067). The area has roughly 25,553 residents and a mix of young professionals and families, with a median age of 37. Households earn a median income of $112K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Chinese, English, Australian.
The median house price in Chatswood is $4.3 million, having climbed sharply by 23.8% over the past year. Units have a median price of $1.3 million (+15.7% YoY). The current median weekly rent is $880. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,858.
Chatswood is served by 5 schools, including 2 primary, 2 secondary, 1 combined. The average ICSEA score is 1140, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 81 bus stops. Healthcare facilities include 3 private hospitals. The crime rate in the Willoughby LGA is below average at 2,205 incidents per 100,000 population.
Looking at the investment signals, Chatswood shows a gross rental yield of approximately 1.1%, rated as low yield. Property prices are above the state median ($4.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 38.2x is considered stretched. House prices have moved +23.8% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.