Suburb Profile Report for Chirnside Park VIC (3116)

Chirnside Park House: Median price $727,500, Annual capital growth 6.95%, Number of sales 162, Weekly median advertised rent $450

Chirnside Park Unit: Median price $540,000, Annual capital growth 10.24%, Number of sales 10, Weekly median advertised rent $460

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

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%.

Metrics i HOUSE UNIT
$727,500 $540,000
-2.99% -5.51%
-2.99% -4.45%
6.95% 10.24%
$450 $460
162 10
3.22% 4.43%
40.6 67

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Above average (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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