AREA REPORTS

Chirnside Park

Suburb Profile

Chirnside Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3116

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 43.86% capital gain.

Property investors in CHIRNSIDE PARK enjoyed capital gains of 8.41% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $748,055.

Profits due to an upward trend in home prices there averaged 14.62% per annum over a 3-year period.

Home owners selling their properties and realtors in CHIRNSIDE PARK usually have to wait an average of 43.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $430 mark, reflecting a 2.99% increase in returns based on the current median price in CHIRNSIDE PARK.

CHIRNSIDE PARK, 3116 places 438th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $748,055 $601,000
GROWTH REPORT
Median Quarterly -0.26% 10.24%
Median 12 month 8.41% 13.4%
Median 3 years 43.86% 20.74%
Median 5 years 68.1% 65.45%
10 years average annual 7.14% 5.67%
Weekly media advert. rent $430 $450
Time on Market 43.6 days 0.0 days
Gross Rental Yield Percent 2.99% 3.89%
demographics (median values)
Total Population
9095
Weekly Household Income
1188
Household Size
2.90
demographics
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