Property investors who have had real estate in Chirnside Park, 3116 should be relatively 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 9.16%
Comparing Chirnside Park,3116 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -4.21% to buyers in Chirnside Park at the moment, which is less than average for the rest of VIC.
The VIC suburb of Chirnside Park, 3116 is in the Yarra Ranges (S) local government area.
Chirnside Park is an average performer in VIC when comparing median price capital growth over the last year. Chirnside Park gave property investors a good capital gain figure when compared to the rest of the state, with 9.48%.
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.
Advertised rents are around the $450 mark per week – giving a return of 3.79% based on the median price in Suburb