Question 1

Is Chipping Norton a nice place to live?

Accepted Answer

Chipping Norton is a waterside suburb in south-west Sydney centred on the Georges River and the Chipping Norton Lakes. The neighbourhood mixes established detached homes on tree-lined streets with pockets of newer apartments and townhouses nearer the lake and main roads. Daily life tends to revolve around outdoor recreation, with picnic reserves, cycleways and water sports popular, while a small shopping precinct and community facilities meet everyday needs.

Home to 9,412 people with a median age of 39, the community is weighted towards families: couple families with children are the largest group (53.8%), and together with couple families without children they make up just over eight in ten families. Most homes are owner-occupied (about 79% combined) and the typical household income is $2,024 a week. Liverpool City Council’s Georges River Parklands and Chipping Norton Lake framework is guiding foreshore revitalisation, and council and state projects such as a shared user path, a strategic masterplan for local parks, a proposed boardwalk and a river crossing aim to improve access to the water and nearby centres. Whether that quieter riverside setting suits you depends on what you’re after.

Question 2

Is it expensive to live in Chipping Norton?

Accepted Answer

Buying a house in Chipping Norton sits well above what local households earned at the last Census. With a median house price of $1,410,000, that works out to about 13.4 times a typical local household's annual income at the last Census. Looking at renting, a house rent of $850 a week would take roughly 42.0% of a typical local household's weekly income at the last Census, which is a large share, while a unit at $550 a week would take about 27.2%, a moderate share. On these figures, buying is much more stretched against local incomes than renting, but whether that feels expensive depends on your own circumstances.

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

Question 3

Is Chipping Norton a good place to invest?

Accepted Answer

Over the past 12 months in Chipping Norton, unit values jumped 12.5% while house values rose a solid 7.1%. On the rental side, house rents climbed a solid 9.7% and unit rents rose a more modest 3.8%. Put another way, units delivered the stronger capital growth this year, while houses provided the stronger rental growth. Whether that balance suits you will depend on your own investment goals and circumstances.

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.

	Houses	Units
Median price Past 3 months	$1.41M	N/A
Change in value Past 12 months	7.1%	12.5%
Sold Past 3 months	28	1
Median days on market Past 12 months	32	16
Average rent Past 12 months	$850	$550
Change in rent Past 12 months	9.7%	3.8%

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