The upper North Shore property market shows no signs of slowing down, with Chatswood’s median house prices rising 14.5 per cent and apartment prices up 9.5 per cent over the last year, according to the latest CoreLogic RP Data figures.
With a number of estabished residential towers and several new towers planned, the suburb is in high demand among buyers, particularly non-permanent Chinese residents.
In April 2015 the median prices for houses and units in Chatswood were $1,720,000 and $747,000 respectively, just under Willoughby Council Area’s medians of $2,015,000 and $761,250.
The strong growth and popularity of the upper North Shore has prompted Australia’s leading mortgage broker, Aussie Home Loans, to expand its presence and open a new store in Chatswood at 1/29 Anderson Street.
The two Principals of the store, Ms Teresa Yin and Ms Soula Triant, have a combined 20 years’ industry experience, supported by office manager Maria Commisso and mortgage broker Pei Li.
Ms Yin said, “I don’t believe any council area in Sydney is developing as rapidly as Willoughby, and Chatswood has grown to become the North Shore’s second biggest business district after North Sydney.
“A range of large national and international companies are now based in Chatswood’s CBD, including Pepsi Co and Carter Holt Harvey, and I believe they have also helped to drive the demand for quality housing,” Ms Yin continued.
“Local and overseas buyers tell us that they are attracted to the fact that Chatswood is well-connected for public transport, with the railway station at the junction of the North Shore and Northern and Western lines and Central Sydney only about 20 minutes by train.”
My Yin said Chatswood's prominence had been confirmed by its inclusion in this year's Vivid Sydney, the world’s largest festival of light which Aussie Chatswood is sponsoring. The two local shopping centres, along with the thriving restaurant, cinema and cafe precinct are also big attractions.
“Chatswood is highly multicultural, so we are fluent in Mandarin, Cantonese, and English of course, to cater for our customer’s needs. We are in a red hot mortgage market and lenders are fighting for business, so there’s little reason why anyone with a standard loan scenario should be paying a mortgage that has an interest rate starting with a five.
“Our experience combined with our unique mortgage software which ranks home loans quickly and accurately for our customers, can help buyers and borrowers choose the right home loan for their needs and aspirations,” said Ms Yin.
Aussie Chatswood offers a variety of home finance options to suit every kind of borrower, including a huge selection of competitively priced home loans from up to 19 lenders, insurance products and personal loans, as well as advice for customers about how to potentially save thousands of dollars and years off their mortgages.
Customers can see Aussie Chatswood’s expert mortgage brokers during the store’s opening hours of 9am to 5pm Monday to Friday, or by appointment outside these times by calling 9413 1818.