Chinchilla

POSTAL CODE: QLD, 4413

HOUSE

UNIT

Property investments in CHINCHILLA fare well against the rest of the country last year, registering a median home price increase of 20.13%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CHINCHILLA, 4413 saw average growth in the long term.

Real estate investors could earn a rental income of $530 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 32.3 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $480,500.

CHINCHILLA ranks 39th on the list of best yielding suburbs for rental properties in QLD, posting a 5.74% return.

CHINCHILLA, 4413 ranks 262nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.86% for property investors last year.

Based on its average 5-year and quarterly capital gains CHINCHILLA, 4413 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in CHINCHILLA, 4413 averaged 18.79% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 6.05% increase in returns based on the current median price in CHINCHILLA.

An average of 3.5 real estate transactions take place per month in CHINCHILLA which translates to 42 per annum.

42 properties were sold in CHINCHILLA during the past year, making it the 119th most active market in QLD based on total real estate transactions.

CHINCHILLA, 4413 places 280th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$480,500	$344,000
Growth Report
Median Quarterly	3%	2.69%
Median 12 month	20.13%	22.86%
Median 3 years	62.88%	56.36%
Median 5 years	88.43%	125.57%
10 years average annual	5.65%	15.07%
Weekly media advert. rent	$530	$400
Time on Market	32.3 days	31.9 days
Gross Rental Yield Percent	5.74%	6.05%

Demographics (Median Values)*

Total Population 3681

Weekly Household Income 918.4

Household Size 2.40

Average Age 39

Monthly Loan Repayment 910

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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