Over the last year, property investments in Chirnside Park, 3116 have given investors a capital gain of 18.37%. This compares favourably with the 11.41% for VIC as a whole.
Comparing Chirnside Park,3116 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Chirnside Park itself are offering an average vendor discount of -3.36% to real estate investors.
Advertised rents are around the $415 mark per week – giving a return of 3.04% based on the median price in Suburb
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 16.30% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chirnside Park has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 8.20%, investors should hope to achieve an overall return of 4.33%