Investment property in Chirnside Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.99%
Chirnside Park,3116 has offered an average of -2.99% return per annum in house price rises to property investors over the last three years.
The most recent median price for Chirnside Park is $727500, with sellers offering an average of -5.76% off the asking price.
On average over the past year, suburb has had 13.50 sales per month, which equates to 162 per year.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Chirnside Park has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -4.45% to date .
A 33.14% growth in median value for property investors in Chirnside Park,3116 puts this suburb at number 311th in terms of best performing suburbs in VIC
In the last year 10 properties changed hands in Chirnside Park, which puts it as the 347th most active market in VIC when comparing the number of sales per suburb.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 10.24%.