Investment property in Chadstone has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.45%
Across a shorter period, Chadstone, 3148 has seen a median price increase of 6.02% over the last quarter.
Property investors looking for a bargain in Chadstone should be aiming for at least -8.03% off the asking price, which is the average vendor discount being achieved at the moment.
Chadstone, 3148’s gross rental yield is 2.47%
Giving property investors a a solid capital gain of 17.56% for the last year, Chadstone, 3148 is the 121th highest performer in Australia in this respect.
A 77.78% growth in median value for property investors in Chadstone,3148 puts this suburb at number 33th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Chadstone should be aiming for at least -5.62% off the asking price, which is the average vendor discount being achieved at the moment.
A $510 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 5.70%.
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Discount rates low even with high unit prices
Median unit price: $670,000
Three-year growth: 26.18%
Rental yield: 3.57%
Even with its small size, the suburb of Chadstone is a powerhouse. Its unit market has been performing admirably in recent years, with prices rising by nearly 30% over the past 12 months leading up to May 2017.
Returns for investors are reasonable at 3.57%, while sellers can certainly get a good deal since the average discount rate offered is only 2.51%. This low rate signifies the strong demand for apartments in this area, since values are steep at over $650,000.
Chadstone is very well stocked, being home to the Waverley Basketball Centre, a campus of Holmesglen Institute of TAFE and Chadstone Shopping Centre. Scotchmans Creek borders Chadstone in the south, and the Monash freeway passes through the suburb as well.