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%