Chirnside Park is an average performer in VIC when comparing median price capital growth over the last year. Chirnside Park gave property investors a average capital gain figure when compared to the rest of the state, with 10.34%.
If we look at median property appreciation over just the last three months, Chirnside Park has given property investors a paper return of 2.11%. This puts Suburb as 307 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Chirnside Park should be aiming for at least -4.80% off the asking price, which is the average vendor discount being achieved at the moment.
At number 160 in a list of fastest selling suburbs, Chirnside Park is in the TOP 10% of suburbs in Australia with an average of days on market 36.78 for properties listed there.
With the median price for a house in Chirnside Park being $640000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.41%
VIC has seen average median house prices change by 3.49% which means that Chirnside Park, 3116 has done well for property investors by showing a capital gain of 20.15% over the last year
Across a shorter period, Chirnside Park, 3116 has seen a median price increase of 6.68% over the last quarter.
Property buyers and investors in Chirnside Park 3116 should be seeing an average reduction in asking price of around -18.97% . This means that Chirnside Park is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 13.73%, investors should hope to achieve an overall return of 4.67%