Consistent high demand relative to supply is a key feature in Chapel Hill driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Chapel Hill ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Chapel Hill changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Chapel Hill to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Chapel Hill we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Chapel Hill a better buying opportunity than it may have been in the past.
Chapel Hill State School(While the above schools are located with the suburb of Chapel Hill there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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