House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
Homeowners and real estate investors betting on CHIRNSIDE PARK, 3116 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.75%.
A steady increase in median property prices over a five-year period in the suburb translates to a 25.3% capital gain.
Property investors in CHIRNSIDE PARK enjoyed capital gains of 13.75% 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 $910,000.
Profits due to an upward trend in home prices there averaged 8.43% per annum over a 3-year period.
Home owners selling their properties and realtors in CHIRNSIDE PARK usually have to wait an average of 31.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $485 mark, reflecting a 2.77% increase in returns based on the current median price in CHIRNSIDE PARK.
CHIRNSIDE PARK, 3116 places 647th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.75%||-0.81%|
|Median 3 years||25.3%||16.19%|
|Median 5 years||43.31%||20.8%|
|10 years average annual||7.3%||8.27%|
|Weekly media advert. rent||$485||$450|
|Time on Market||31.0 days||49.2 days|
|Gross Rental Yield Percent||2.77%||3.84%|