Located in New South Wales within the Canterbury-Bankstown local government area, Chester Hill is a well-established suburb (postcode 2162). It is home to about 14,007 residents, with a blend of families and working-age professionals and a median age of 34. Households earn a median income of $70K per year, with an average household size of 3.2 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Lebanese, Australian, Chinese.
Median house prices in Chester Hill stand at $1.2 million, having declined steeply by 12.2% over the last twelve months. Units have a median price of $718,000 (+17.6% YoY). The current median weekly rent is $735. This gives a gross rental yield of approximately 3.2%. 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 2,382 incidents per 100,000 population.
From an investment perspective, Chester Hill shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 17.0x is considered stretched. House prices have moved -12.2% 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.