Suburb Profile Report for Chirnside Park VIC (3116)

Chirnside Park House: Median price $648,000, Annual capital growth 7.11%, Number of sales 173, Weekly median advertised rent $420

Chirnside Park Unit: Median price $495,000, Annual capital growth 10.92%, Number of sales 14, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.96% which means that Chirnside Park, 3116 has done well for property investors by showing a capital gain of 10.96% over the last year

Across a shorter period, Chirnside Park, 3116 has seen a median price increase of 2.61% over the last quarter.

Property investors looking for a bargain in Chirnside Park should be aiming for at least -4.85% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 14.42 sales per month, which equates to 173 per year.

Property investors who have had real estate in Chirnside Park, 3116 should be 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 20.15%

If we look at median property appreciation over just the last three months, Chirnside Park has given property investors a paper return of 4.21%. This puts Suburb as 62 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in Chirnside Park are currently offering property investors an average price cut of -18.97% below the asking price at the moment.

Often selling an investment property can take time, and in Chirnside Park the average time real estate has been on the market is 63.09 days.

With the median price for a house in Chirnside Park being $495000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.62%

Metrics i HOUSE UNIT
$648,000 $495,000
2.61% 4.21%
10.96% 20.15%
7.11% 10.92%
$420 $440
173 14
3.37% 4.62%
36.95 63.09

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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