Chester Hill is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2162). With a population of 14,007, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $70K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Lebanese, Australian, Chinese.
The median house price in Chester Hill is $1.4 million, having dipped slightly 0.9% over the past year. Units have a median price of $1.1 million (+51.3% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Chester Hill is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 940, which is below the national average of 1,000. Public transport access includes 1 rail station, 75 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Chester Hill offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 19.6x is considered stretched. House prices have moved -0.9% year-on-year.
Chester Hill is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2162). With a population of 14,007, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $70K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Lebanese, Australian, Chinese.
The median house price in Chester Hill is $1.4 million, having dipped slightly 0.9% over the past year. Units have a median price of $1.1 million (+51.3% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Chester Hill is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 940, which is below the national average of 1,000. Public transport access includes 1 rail station, 75 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Chester Hill offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 19.6x is considered stretched. House prices have moved -0.9% year-on-year.