Property investors who have had real estate in Chirnside Park, 3116 should be relatively 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 11.40%
Taking the average capital gain, or increase in median house value, Chirnside Park,3116 has racked up an average of 11.40% over the period. This ranks it number 794th in the whole country for real estate investors looking at median house price increases.
Chirnside Park, 3116 is offering VIC ‘s 368th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.
Over the last year, property investments in Chirnside Park, 3116 have given investors a capital gain of 20.75%. This compares very favourably with the 2.98% for VIC as a whole.
Over the longer term, Chirnside Park has seen property prices show investors a 21.34% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Chirnside Park itself are offering an average vendor discount of -11.79% to real estate investors.
In the last year 15 properties changed hands in Chirnside Park, which puts it as the 328th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Chirnside Park, 3116 is in the Yarra Ranges local government area.