Giving property investors a a stable capital gain of 8.42% for the last year, Chadstone, 3148 is the 1360th highest performer in Australia in this respect.
While Chadstone,3148 ranked number 215th in VIC for increase in median house value (annualised) increase, it is ranked 40th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Chadstone itself are offering an average vendor discount of -5.71% to real estate investors.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 2.25%, without taking into account capital value appreciation, which has been averaging out at 9.76%.
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 16.86%
Taking the average capital gain, or increase in median house value, Chadstone,3148 has racked up an average of 16.86% over the period. This ranks it number 120th in the whole country for real estate investors looking at median house price increases.
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.
With the median price for a house in Chadstone being $762500 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 3.14%