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Chilcotts Grass suburb profile

Chilcotts Grass is a picturesque rural suburb located in the Northern Rivers region of New South Wales, just a short drive from the city of Lismore. Known for its lush landscapes and tranquil atmosphere, it offers a peaceful retreat from the hustle and bustle of urban life. The area is characterized by expansive farmland, rolling hills, and a close-knit community, making it an ideal location for those seeking a rural lifestyle. Despite its serene setting, Chilcotts Grass is conveniently situated near essential amenities and services, providing residents with a harmonious blend of country living and accessibility.

Chilcotts Grass property market performance

Chilcotts Grass has seen minimal property market activity over the past 12 months. Both house and unit median prices have remained static, with no change in value. The area recorded only two house sales in the past year, and no unit sales, indicating a very quiet market. Consequently, no data is available on median days on market for both houses and units.

The rental market in Chilcotts Grass also shows no change, with both house and unit rents remaining unchanged over the last 12 months. This lack of movement suggests stable, albeit inactive, market conditions in this suburb.

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Chilcotts Grass demographics

Chilcotts Grass, nestled in the picturesque Northern Rivers region of New South Wales, offers a serene and community-focused lifestyle. With a small population of just 237, this suburb is characterized by its close-knit community and tranquil rural setting. The median age of 50 suggests a mature population, with many residents likely enjoying the peacefulness and slower pace of life that Chilcotts Grass provides.

The suburb's family dynamics are quite balanced, with 50% of families being couples with children and 40.5% being couples without children. This indicates a strong family presence, with a mix of both young families and older couples who may have grown children. The presence of one-parent families is relatively low at 9.5%, and there are no other family types reported, highlighting the traditional family structure prevalent in the area.

Property ownership in Chilcotts Grass is predominantly owner-occupied, with 46.3% of properties owned outright and 45.1% owned with a mortgage. This high level of ownership reflects the stability and long-term commitment of residents to the area. Only 8.5% of properties are rented, indicating a limited rental market and a preference for homeownership among the community. The median total household income of $2143 per week suggests a comfortable standard of living, likely supported by the area's agricultural and local business opportunities.

Chilcotts Grass infrastructure, key developments and investment opportunities

Chilcotts Grass does not currently have any major public infrastructure or redevelopment projects clearly identified in the available information that would materially change the property market in the near term. The suburb’s appeal remains closely tied to its established residential setting and its proximity to Lismore’s services, schools, and employment opportunities.

Known local housing activity is centred on established estates such as Hidden Valley, which reinforces the area’s reputation as a low-density family location. With limited new supply and a small local market, buyer demand is more likely to be influenced by broader Lismore-region conditions than by suburb-specific project announcements at this time.

Chilcotts Grass rental market trends

The rental market in Chilcotts Grass has remained stable over the past 12 months, with both house and unit rents experiencing no changes. This reflects a balanced market environment, with no significant shifts in demand or supply impacting rental prices.

Suburbs near Chilcotts Grass

Some popular suburbs near Chilcotts Grass include:

Common questions about Chilcotts Grass

  • Is Chilcotts Grass a nice place to live?

    Chilcotts Grass is a charming and peaceful suburb that offers a delightful rural lifestyle, making it a wonderful place to call home. Nestled in the Northern Rivers region, it is known for its lush landscapes and tranquil atmosphere, providing a serene retreat from the hustle and bustle of city life. The suburb is characterized by its rolling hills and expansive farmland, creating a picturesque setting that is perfect for those who appreciate nature and a slower pace of life. The close-knit community adds to the suburb's appeal, fostering a welcoming environment where neighbors know each other and families can thrive.

    Families will find Chilcotts Grass particularly appealing due to its strong sense of community and the balanced family dynamics present in the area. The suburb is conveniently located near essential amenities, with the city of Lismore just a short drive away, offering access to schools, shops, and employment opportunities. While the suburb does not boast a bustling nightlife or extensive entertainment options, it makes up for it with its peaceful ambiance and the opportunity to enjoy outdoor activities in the beautiful surrounding countryside.

    One trade-off of living in Chilcotts Grass is the limited rental market, as the area is predominantly owner-occupied. This reflects the stability and long-term commitment of residents, but it may pose a challenge for those looking to rent. Additionally, while the suburb does not have major public infrastructure projects on the horizon, its proximity to Lismore ensures that residents have access to necessary services and amenities. Overall, Chilcotts Grass offers a harmonious blend of country living and accessibility, making it a delightful place for families and those seeking a tranquil lifestyle.

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  • Is it expensive to live in Chilcotts Grass?

    Living in Chilcotts Grass presents a unique scenario when it comes to assessing the cost of living. With the current median house and unit prices, as well as average rent for both houses and units, all sitting at zero, it suggests that there may not be a significant property market in the area or that data might be unavailable. This makes it challenging to directly compare housing costs to other suburbs.

    However, when we look at the income data, the average wage in Chilcotts Grass is approximately $84,000 per year, which is quite comparable to the average salary in New South Wales. With a median total household income of $2,143 per week, residents of Chilcotts Grass seem to have a reasonable income level that aligns well with the state average.

    Given these figures, while the absence of specific property and rental prices makes it difficult to definitively state how expensive it is to live in Chilcotts Grass, the income levels suggest that residents might find it relatively manageable to live comfortably, assuming other living costs are in line with regional norms. If you're thinking of living in Chilcotts Grass, it would be wise to explore further details about housing availability and costs to get a clearer picture of the financial commitments involved.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Chilcotts Grass a good place to invest?

    Chilcotts Grass presents a unique opportunity for investors who are looking for stability in their property portfolio. Over the past year, the suburb has seen no change in median house and unit values, as well as rental prices. While this might not seem exciting at first glance, it indicates a level of market stability that can be appealing for those who prefer a low-risk investment environment.

    The suburb's steady property values suggest that it is not subject to the volatile swings seen in more speculative markets. This can be particularly attractive for investors who are looking for a safe haven to park their money without the worry of sudden downturns. Additionally, the lack of change in rental prices implies a consistent demand for rental properties, which can provide reliable rental income.

    Overall, Chilcotts Grass might not be the place for rapid capital growth, but its stability and consistency make it a solid choice for investors seeking a dependable and low-risk investment. The suburb's appeal lies in its ability to offer a sense of security in an ever-changing property market landscape.

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