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%