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%