Top 5 suburbs with great shopping

Retail shops

Buyers’ agents and financial advisers will often tell you to consider local shopping options when choosing a place to live.

For some people that’s as simple as a supermarket, but for many others it’s a mall or retail strip with designer brands. The addition of Uniqlo, H&M and Zara to the local market has certainly spured interest, for example. Ultimately, any decent local shops will help add value to your suburb and property.

A good example of this is in Chatswood on the north shore, which has transformed into a shopping hub over the last two decades and has, in turn, seen local property prices soar. Consider the last five or six years alone, during which time the median price on a three bedroom house there has risen from $1.17m in 2011 to $2.5m in 2017, according to Domain Group.

So, with this in mind, here are 5 top shopping locations across town we’d consider living near.


Paddington – Oxford St

  • $2.3m median price on 3 bedroom houses
  • $1.2m median price on 2 bedroom units

Newtown – King St

  • $1.7m median price on 3 bedroom houses
  • $955,000 median price on 2 bedroom units

North Ryde – Macquarie Centre

  • $1.6m median price on 3 bedroom houses
  • $800,000 media price on 2 bedroom units (Macquarie Park)

Chatswood, Chatswood Chase and Westfield

  • $2.4m median price on 3 bedroom houses
  • $1m median price on 2 bedroom units

Mosman, Military Rd

  • $2.6m median price on 3 bedroom houses
  • $1.2m median price on 2 bedroom units

 

House and unit data from REA Group.

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