Suburb Profile Report for Chirnside Park VIC (3116)

Chirnside Park House: Median price $635,000, Annual capital growth 6.96%, Number of sales 162, Weekly median advertised rent $420

Chirnside Park Unit: Median price $497,500, Annual capital growth 15.91%, Number of sales 15, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Chirnside Park, 3116 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.40%

Taking the average capital gain, or increase in median house value, Chirnside Park,3116 has racked up an average of 11.40% over the period. This ranks it number 794th in the whole country for real estate investors looking at median house price increases.

Chirnside Park, 3116 is offering VIC ‘s 368th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Over the last year, property investments in Chirnside Park, 3116 have given investors a capital gain of 20.75%. This compares very favourably with the 2.98% for VIC as a whole.

Over the longer term, Chirnside Park has seen property prices show investors a 21.34% return over the last 3 years. This is worse than over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Chirnside Park itself are offering an average vendor discount of -11.79% to real estate investors.

In the last year 15 properties changed hands in Chirnside Park, which puts it as the 328th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Chirnside Park, 3116 is in the Yarra Ranges local government area.

Metrics i HOUSE UNIT
$635,000 $497,500
4.79% 8.15%
11.40% 20.75%
6.96% 15.91%
$420 $440
162 15
3.44% 4.60%
35.51 74.07

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 9124
Median household income ($/weekly) 1418
Median age of persons 40
Median housing loan repayment ($/monthly) 1755
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1187 13.0
    25-34 years 972 10.7
    35-44 years 1250 13.7
    45-54 years 1316 14.4
    55-64 years 1264 13.9
    Others 3136 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 3845 55.6
    Not Married 2552 36.9
    Defacto Relationship 522 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6926 79.1
    Japan 192 2.2
    Papua New Guinea 123 1.4
    United Kingdom 689 7.9
    Other 187 2.1
    Others 643 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 77 0.9
    Christianity 5824 70.0
    Islam 45 0.5
    Other Religious Groups 46 0.6
    No Religion 2294 27.6
    Others 33 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 260 9.3
    $1,000-$1,249 262 9.3
    $1,500-$1,999 394 14.0
    $2,000-$2,499 334 11.9
    $2,500-$2,999 288 10.3
    Others 1271 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2858 39.7
    Not in the labour force 2351 32.6
    Employed, worked part-time 1543 21.4
    Employed, away from work 285 4.0
    Unemployed, looking for work 168 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 578 12.4
    Professionals 753 16.1
    Technicians & trades workers 822 17.6
    Clerical & administrative workers 782 16.7
    Sales 563 12.0
    Others 1182 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 168 7.7
    Infants/Primary 768 35.1
    Secondary 663 30.3
    Technical or Further Educational Institution 224 10.2
    University or other Tertiary Institutions 282 12.9
    Others 83 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8532 98.6
    Semi-detached, row or terrace house, townhouse 85 1.0
    Flat, unit or apartment 30 0.3
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1427 46.4
    Fully owned 1293 42.0
    Rented 342 11.1
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals