Suburb Profile Report for Chirnside Park VIC (3116)

Chirnside Park House: Median price $599,850, Annual capital growth 6.26%, Number of sales 169, Weekly median advertised rent $420

Chirnside Park Unit: Median price $455,000, Annual capital growth 11.68%, Number of sales 25, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 11.08% for the last year, Chirnside Park, 3116 is the 902th highest performer in Australia in this respect.

While Chirnside Park,3116 ranked number 416th in VIC for increase in median house value (annualised) increase, it is ranked 217th over the last 5 years.

Property buyers and investors in Chirnside Park 3116 should be seeing an average reduction in asking price of around -4.50% . This means that Chirnside Park is holding prices well when compared to other suburbs in VIC.

With the median price for a house in Chirnside Park being $599850 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.64%

Chirnside Park, 3116 ranked 73th in VIC when comparing growth in median property values or capital gain over the last 12 months. Chirnside Park is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Chirnside Park,3116 has racked up an average of 10.44% over the period. This ranks it number 447th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -13.17% to buyers in Chirnside Park at the moment, which is less than average for the rest of VIC.

At number 581 in a list of fastest selling suburbs, Chirnside Park is in the TOP 40% of suburbs in Australia with an average of days on market 68.26 for properties listed there.

HOUSE UNIT
$599,850 $455,000
0.48% 10.44%
11.08% 10.44%
6.26% 11.68%
$420 $440
169 25
3.64% 5.03%
37.55 68.26

Source: CoreLogic

DSR Score for property investment : Very good (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