Suburb Profile Report for Chirnside Park VIC (3116)

Chirnside Park House: Median price $665,565, Annual capital growth 7.42%, Number of sales 166, Weekly median advertised rent $430

Chirnside Park Unit: Median price $520,000, Annual capital growth 6.89%, Number of sales 13, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 889th in the list of Australian suburbs ordered by increase in median house value over the last year, Chirnside Park, 3116 is in the top 30% with a property value increase of 12.81% recorded in median house prices.

Chirnside Park,3116 was ranked 857 in Australia by increase in median property value over the quarter.

Chirnside Park3116 is located in VIC which offers an average discount of -5.80% to property investors. Chirnside Park itself is showing figures that indicate -4.05% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 7.42%, investors should hope to achieve an overall return of 3.36%

Chirnside Park has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 24.92% to date .

Chirnside Park,3116 has offered an average of 24.92% return per annum in house price rises to property investors over the last three years.

Chirnside Park3116 is located in VIC which offers an average discount of -5.03% to property investors. Chirnside Park itself is showing figures that indicate -16.51% is the average achievable by property buyers investing in the suburb.

At number 477 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 63.45 for properties listed there.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.40%, without taking into account capital value appreciation, which has been averaging out at 6.89%.

Metrics i HOUSE UNIT
$665,565 $520,000
4.81% 9.47%
12.81% 24.92%
7.42% 6.89%
$430 $440
166 13
3.36% 4.40%
32.4 63.45

Source: CoreLogic

DSR Score for property investment : Above average (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