Sydney's quiet inner-west suburb of Chiswick is experiencing property price growth that has made it one of the most expensive suburbs in the city.
It is now challenging the leaders of Sydney's million-dollar-plus suburbs, catching up with the likes of Bellevue Hill and Vaucluse, as well as overtaking Mosman and Double Bay, Domain reports.
Chiswick is a small peninsular suburb, which is only nine km from the central business district - and it now ranks third on a list of 251 Sydney suburbs with a median house price of more than $1 million.
Data for the six months to September specified that it had a median house price of $3,800,000, while Bellevue Hill and Vaucluse had medians of $4,250,000 and $4,112,500 respectively.
Chiswick overtook Rose Bay's median of $3,775,000, in addition to the corresponding figures of $3,275,000 for Mosman and $3,129,000 for Double Bay.
Longtime Chiswick resident Beatrice Iacono recently sold the home her family had been living in for 43 years so she could downsize to a smaller property with her husband.
She told Domain that the area has undergone a great deal of change in the time she has been living there since the 1970s.
"I think it's a quieter heaven than [the other high-priced suburbs]," Ms Iacono remarked.
"They have the name, the high profile, but I would prefer Chiswick to Mosman - it's so close to the city and in terms of convenience and accessibility I think it’s a much better spot."
Ms Iacono explained that people did not even know where Chiswick was when she first moved to the area, as it was more industrial than it is now.
"There's been a lot of development since then, a lot of apartments have gone," she commented, adding that transport has improved considerably.
