Suburb Profile Report for Chadstone VIC (3148)

Chadstone House: Median price $992,000, Annual capital growth 9.77%, Number of sales 62, Weekly median advertised rent $420

Chadstone Unit: Median price $751,002, Annual capital growth 7.65%, Number of sales 55, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Chadstone is an average performer in VIC when comparing median price capital growth over the last year. Chadstone gave property investors a average capital gain figure when compared to the rest of the state, with 8.42%.

A 59.74% growth in median value for property investors in Chadstone,3148 puts this suburb at number 389th in terms of best performing suburbs in VIC

At number 290th of VIC’s most discounted properties, Chadstone is in the middle of the state/territory when listing in order of most discounted to least.

With the median price for a house in Chadstone being $992000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 2.20%

Chadstone has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.54% to date .

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.

Our latest figures would indicate that property sellers in Chadstone are currently offering property investors an average price cut of -3.13% below the asking price at the moment.

Advertised rents are around the $450 mark per week – giving a return of 3.12% based on the median price in Suburb

HOUSE UNIT
$992,000 $751,002
1.74% 4.89%
8.42% 15.54%
9.77% 7.65%
$420 $450
62 55
2.20% 3.12%
67.33 72.26

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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