With a capital gain of -6.67% for the last 12 months, Chirnside Park, 3116 has performed for property investments than its average annual 6.66% property growth over the last 5 years.
Across a shorter period, Chirnside Park, 3116 has seen a median price increase of -2.23% over the last quarter.
Chirnside Park3116 is located in VIC which offers an average discount of -6.82% to property investors. Chirnside Park itself is showing figures that indicate -7.16% is the average achievable by property buyers investing in the suburb.
Investment property in Chirnside Park has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.41%
Across a shorter period, Chirnside Park, 3116 has seen a median price increase of 4.11% over the last quarter.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.20%, without taking into account capital value appreciation, which has been averaging out at 8.16%.