At number 2939th in the list of Australian suburbs ordered by increase in median house value over the last year, Chirnside Park, 3116 is in the BOTTOM 30% with a property value increase of -3.78% recorded in median house prices.
Chirnside Park,3116 was ranked 2405 in Australia by increase in median property value over the quarter.
Property buyers and investors in Chirnside Park 3116 should be seeing an average reduction in asking price of around -6.69% . This means that Chirnside Park is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 13.08 sales per month, which equates to 157 per year.
Advertised rents are around the $450 mark per week – giving a return of 3.34% based on the median price in Suburb
Property value increases in Chirnside Park have tracked just higher than the VIC average of 6.11% over the last 12 months.
Over the longer term, Chirnside Park has seen property prices show investors a 13.49% return over the last 3 years. This is worse than over the last 12 months
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
Situated 31.54km from the CBD, Chirnside Park is one of Yarra Ranges (S) localities in the postcode 3116.