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 14.96%
A 36.64% growth in median value for property investors in Chirnside Park,3116 puts this suburb at number 106th in terms of best performing suburbs in VIC
Property buyers and investors in Chirnside Park 3116 should be seeing an average reduction in asking price of around -4.70% . This means that Chirnside Park is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Chirnside Park have been waiting around 36.24 days to sell a property.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.44%, without taking into account capital value appreciation, which has been averaging out at 6.91%.
With a capital gain of 14.68% for the last 12 months, Chirnside Park, 3116 has performed for property investments than its average annual 15.36% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Chirnside Park has given property investors a paper return of 3.85%. This puts Suburb as 61 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Chirnside Park should be aiming for at least -11.79% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.84%, without taking into account capital value appreciation, which has been averaging out at 15.36%.