Suburb Profile Report for Chadstone VIC (3148)

Chadstone House: Median price $1,020,000, Annual capital growth 9.94%, Number of sales 60, Weekly median advertised rent $445

Chadstone Unit: Median price $670,000, Annual capital growth 6.76%, Number of sales 81, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Chadstone, 3148 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.37%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Chadstone has increased when compared to the 5 year average annual rate.

Property buyers and investors in Chadstone 3148 should be seeing an average reduction in asking price of around -5.71% . This means that Chadstone is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Chadstone have been waiting around 64.22 days to sell a property.

Advertised rents are around the $445 mark per week – giving a return of 2.27% based on the median price in Suburb

Property value increases in Chadstone have tracked higher than the VIC average of 4.28% over the last 12 months.

Over the longer term, Chadstone has seen property prices show investors a 21.38% return over the last 3 years. This is an improvement over the last 12 months

Chadstone, 3148 is offering VIC ‘s 315th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

At number 928 in a list of fastest selling suburbs, Chadstone is in the bottom 40% of suburbs in Australia with an average of days on market 88.04 for properties listed there.

Metrics i HOUSE UNIT
$1,020,000 $670,000
1.90% 2.29%
7.37% 25.00%
9.94% 6.76%
$445 $450
60 81
2.27% 3.49%
64.22 88.04

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 7819
Median household income ($/weekly) 1233
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    20-24 years 937 12.0
    25-34 years 1650 21.1
    35-44 years 1113 14.2
    45-54 years 859 11.0
    55-64 years 718 9.2
    Others 2545 32.5
    Age Group
    Census Count Percent(%)
    Not Married 3100 49.8
    Registered Married 2629 42.3
    Defacto Relationship 492 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3737 50.7
    Croatia 651 8.8
    Hong Kong 272 3.7
    Indonesia 327 4.4
    Other 617 8.4
    Others 1764 23.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 506 7.1
    Christianity 4096 57.4
    Hinduism 272 3.8
    Islam 238 3.3
    No Religion 1832 25.7
    Others 197 2.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 255 9.8
    $600-$799 210 8.1
    $1,000-$1,249 230 8.9
    $1,500-$1,999 328 12.6
    $2,000-$2,499 226 8.7
    Others 1346 51.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2365 37.4
    Not in the labour force 2222 35.2
    Employed, worked part-time 1245 19.7
    Unemployed, looking for work 262 4.1
    Employed, away from work 227 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 427 11.1
    Professionals 990 25.8
    Technicians & trades workers 484 12.6
    Clerical & administrative workers 563 14.7
    Sales 410 10.7
    Others 960 25.0
    Occupation
    Census Count Percent(%)
    Pre-school 106 5.5
    Infants/Primary 368 19.0
    Secondary 366 18.9
    Technical or Further Educational Institution 331 17.1
    University or other Tertiary Institutions 675 34.9
    Others 87 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5536 74.8
    Semi-detached, row or terrace house, townhouse 1538 20.8
    Flat, unit or apartment 325 4.4
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1078 38.4
    Fully owned 886 31.5
    Being purchased 832 29.6
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals