Suburb Profile Report for Chirnside Park VIC (3116)

Chirnside Park House: Median price $745,750, Annual capital growth 7.11%, Number of sales 160, Weekly median advertised rent $430

Chirnside Park Unit: Median price $592,000, Annual capital growth 5.50%, Number of sales 13, Weekly median advertised rent $450

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

With a capital gain of 8.08% for the last 12 months, Chirnside Park, 3116 has performed for property investments than its average annual 7.11% property growth over the last 5 years.

Chirnside Park,3116 was ranked 2532 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Chirnside Park are currently offering property investors an average price cut of -3.58% below the asking price at the moment.

In the last year 160 properties changed hands in Chirnside Park, which puts it as the 139th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $430 weekly from the median priced house in this suburb.

At number 346th in the list of Australian suburbs ordered by increase in median house value over the last year, Chirnside Park, 3116 is in the top 20% with a property value increase of 11.70% recorded in median house prices.

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

With the median price for a house in Chirnside Park being $592000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.95%

Metrics i HOUSE UNIT
$745,750 $592,000
-0.57% 8.59%
8.08% 11.70%
7.11% 5.50%
$430 $450
160 13
3.00% 3.95%
41.78 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 9124
Median household income ($/weekly) 1418
Median age of persons 40
Median housing loan repayment ($/monthly) 1755
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1187 13.0
    25-34 years 972 10.7
    35-44 years 1250 13.7
    45-54 years 1316 14.4
    55-64 years 1264 13.9
    Others 3136 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 3845 55.6
    Not Married 2552 36.9
    Defacto Relationship 522 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6926 79.1
    Japan 192 2.2
    Papua New Guinea 123 1.4
    United Kingdom 689 7.9
    Other 187 2.1
    Others 643 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 77 0.9
    Christianity 5824 70.0
    Islam 45 0.5
    Other Religious Groups 46 0.6
    No Religion 2294 27.6
    Others 33 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 260 9.3
    $1,000-$1,249 262 9.3
    $1,500-$1,999 394 14.0
    $2,000-$2,499 334 11.9
    $2,500-$2,999 288 10.3
    Others 1271 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2858 39.7
    Not in the labour force 2351 32.6
    Employed, worked part-time 1543 21.4
    Employed, away from work 285 4.0
    Unemployed, looking for work 168 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 578 12.4
    Professionals 753 16.1
    Technicians & trades workers 822 17.6
    Clerical & administrative workers 782 16.7
    Sales 563 12.0
    Others 1182 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 168 7.7
    Infants/Primary 768 35.1
    Secondary 663 30.3
    Technical or Further Educational Institution 224 10.2
    University or other Tertiary Institutions 282 12.9
    Others 83 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8532 98.6
    Semi-detached, row or terrace house, townhouse 85 1.0
    Flat, unit or apartment 30 0.3
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1427 46.4
    Fully owned 1293 42.0
    Rented 342 11.1
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals