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 14.15%
The five-year average increase in median property values for Chirnside Park,3116 has given property investors a potential capital gain of 52.03% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Chirnside Park, 3116. Typically our figures indicate that -4.05% is being offered, which puts this VIC suburb at 3033th most discounted overall in Australia.
Advertised rents are around the $430 mark per week – giving a return of 3.32% based on the median price in Suburb
VIC has seen average median house prices change by 4.83% which means that Chirnside Park, 3116 has done well for property investors by showing a capital gain of 28.64% over the last year
Chirnside Park,3116 was ranked 660 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Chirnside Park is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 2nd in terms of most discounted suburbs in VIC