Get a property report and suburb profile for any property in Chapel Hill

Chapel Hill sits on the western slopes of Mount Coot-tha and has a leafy, hilly, quietly residential character while remaining well connected. Streets are lined with established trees and pockets of bushland, with walking and cycling trails linking into the nearby reserve. Housing is mostly low-density detached homes — from mid-century and 1970s brick houses to modern renovations on generous blocks — and local life centres on a small village shopping strip with cafés and everyday services, with larger shopping centres, university campuses and arterial roads within easy reach.

The community of 10,511 people has a median age of 42 and a median household income of $2,969 a week (about $154,400 a year), and families dominate the household mix. Owner-occupation is high (43.3% owned outright and 42.9% owned with a mortgage, a combined 86.2%), which helps explain why Chapel Hill is popular with families and established professionals. Chapel Hill State School has a confirmed tuckshop refurbishment and related works planned, though the tuckshop renovation has been delayed pending government funding. Whether that fits your needs depends on what you’re looking for in a suburb.

On the figures, buying a house in Chapel Hill sits well above what local households earned at the last Census. The median house price of $1,605,000 is about 10.4 times a typical local household's annual income at the last Census, which places buying well above local incomes.

Renting looks more moderate: a house rent of $950 a week would take about 32.0% of that typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $580 a week would take about 19.5%, a modest share. If you're renting rather than buying, those rent shares are the numbers that matter against local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House rents in Chapel Hill climbed 10.5% over the past year, a strong rise, while house values increased 5.2% over the same period, a solid gain — so for houses the income side rose faster than the capital side this year. Unit rents rose 4.5%, a modest increase, so if rental income is your priority the house rent figure is the most relevant here, while the house value change speaks to capital growth. Whether that balance suits your goals and circumstances is for you to weigh.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.