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Chadstone

Suburb Profile

Chadstone - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3148

house
unit

A 16.18% increase in median property prices in CHADSTONE, 3148 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 93rd.

A steady increase in median property prices over a five-year period in the suburb translates to a 2.18% capital gain.

It 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 $1,124,000

The augmented property values in the suburb are trailing above the territorial average of 7.64% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $440.

Home owners selling their properties and realtors in CHADSTONE usually have to wait an average of 45.6 days days before their assets are lifted off the market.

The VIC suburb ranks 546th on the list of best yielding suburbs for rental properties in VIC, posting a 2.04% return.

It also places places 558th 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 $1,124,000 $841,500
GROWTH REPORT
Median Quarterly -0.71% 1.23%
Median 12 month 16.18% 12.2%
Median 3 years 2.18% 19.53%
Median 5 years 27.01% 82.93%
10 years average annual 6.29% 5.72%
Weekly media advert. rent $440 $475
Time on Market 45.6 days 60.3 days
Gross Rental Yield Percent 2.04% 2.94%
demographics (median values)
Total Population
7310
Weekly Household Income
972.3
Household Size
2.50
demographics
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