Suburb Profile Report for Chadstone VIC (3148)

Chadstone House: Median price $986,750, Annual capital growth 10.24%, Number of sales 62, Weekly median advertised rent $425

Chadstone Unit: Median price $708,000, Annual capital growth 7.17%, Number of sales 67, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

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 13.68%

Chadstone,3148 has offered an average of 13.68% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Chadstone should be aiming for at least -0.51% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.

Renters in Suburb are facing rents around $5100 per annum or $425 every week.

VIC has seen average median house prices change by 3.56% which means that Chadstone, 3148 has done well for property investors by showing a capital gain of 18.00% over the last year

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.

LACK OF BUYER INTEREST may well be the reason that Chadstone is offering property investors an average of -5.33. This rate of discount on properties puts Suburb at number 150th in terms of most discounted suburbs in VIC

Residents and property investors in Chadstone have been waiting around 59.6 days to sell a property.

With the median price for a house in Chadstone being $708000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.31%

HOUSE UNIT
$986,750 $708,000
2.79% 4.89%
13.68% 18.00%
10.24% 7.17%
$425 $450
62 67
2.24% 3.31%
60.75 59.6

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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