Property investors who have had real estate in Chadstone, 3148 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 13.24%
Across a shorter period, Chadstone, 3148 has seen a median price increase of 1.15% over the last quarter.
Sellers are offering property buyers an average discount of -0.51% to buyers in Chadstone at the moment, which is less than average for the rest of VIC.
With the median price for a house in Chadstone being $971000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 2.25%
VIC has seen average median house prices change by 4.09% which means that Chadstone, 3148 has done well for property investors by showing a capital gain of 14.31% over the last year
Across a shorter period, Chadstone, 3148 has seen a median price increase of 6.11% over the last quarter.
Property investors looking for a bargain in Chadstone should be aiming for at least -5.06% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 70 properties changed hands in Chadstone, which puts it as the 128th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $450 mark per week – giving a return of 3.37% based on the median price in Suburb