Chipping Norton is a moderately sized suburb in New South Wales within the Liverpool local government area (postcode 2170). The area has roughly 9,412 residents and an established family demographic, with a median age of 39. Households earn a median income of $105K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.3% 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, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Lebanese.
Median house prices in Chipping Norton stand at $1.5 million, having risen modestly by 1% over the last twelve months. Units have a median price of $854,000 (+27.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,200.
Chipping Norton is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 53 bus stops. The crime rate in the Liverpool LGA is below average at 3,212 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.1%, which reads as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 14.3x is considered stretched. House prices have moved +1.0% year-on-year. Population growth of +2.3% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.