Property value increases in Chirnside Park have tracked just higher than the VIC average of 7.68% over the last 12 months.
Taking the average capital gain, or increase in median house value, Chirnside Park,3116 has racked up an average of 13.19% over the period. This ranks it number 851th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Chirnside Park should be aiming for at least -4.57% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $417.5 mark per week – giving a return of 3.49% based on the median price in Suburb
Investment property in Chirnside Park has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.35%
The five-year average increase in median property values for Chirnside Park,3116 has given property investors a potential capital gain of 42.38% across each of those five years.
Sellers are offering property buyers an average discount of -11.79% to buyers in Chirnside Park at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Chirnside Park the average time real estate has been on the market is 69.81 days.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 7.67%, investors should hope to achieve an overall return of 4.96%