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Chadstone

POSTAL CODE: VIC, 3148
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A steady increase in median property prices over a five-year period in the suburb translates to a 11.69% 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 $1,290,000

The augmented property values in the suburb are trailing above the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in CHADSTONE usually have to wait an average of 55.3 days days before their assets are lifted off the market.

The VIC suburb ranks 487th on the list of best yielding suburbs for rental properties in VIC, posting a 2.62% return.

It also places places 405th in Australia based on median property value growth during the quarter.

Surburb overview

Chadstone is an inner-south-eastern suburb of Melbourne located within the City of Monash. The suburb is situated about 14 kilometres south-east of the Melbourne central business district and is bordered by Malvern East, Ashwood, Hughesdale and Mount Waverley.

Chadstone recorded a population of just over 9,500 residents at the 2021 census, reflecting gradual growth linked to residential redevelopment and improved transport access. The demographic profile includes families, professionals, students and older residents, with a diverse mix of household types and cultural backgrounds.

Housing in Chadstone is varied, comprising detached houses, townhouses and a growing number of low- and mid-rise apartment developments. Higher-density housing is concentrated near major roads and activity centres, while interior streets retain a predominantly suburban form.

Public transport access is moderate, with no railway station in the suburb. The nearest train services are available at Hughesdale, Jordanville and Holmesglen stations, providing connections to the metropolitan rail network.

Bus routes operate along Warrigal Road, Princes Highway and other arterial roads, supporting local travel and access to surrounding suburbs. Road connectivity is a defining feature, with Warrigal Road, Princes Highway and the Monash Freeway providing north–south and east–west links across Melbourne’s south-east.

Chadstone is best known for the Chadstone Shopping Centre, a central regional retail, entertainment and employment hub that attracts visitors from across metropolitan Melbourne. The centre contains supermarkets, department stores, specialty retail, dining venues, cinemas and associated commercial services. Local shopping strips outside the centre provide additional everyday retail and services for residents.

Educational facilities in and around Chadstone include primary schools and access to secondary schools and tertiary institutions in nearby suburbs, including Holmesglen Institute and Monash University’s Caulfield campus.

Recreational amenities include local parks, sports reserves and access to the Gardiners Creek trail, which supports walking and cycling. Open space is distributed through smaller neighbourhood reserves rather than extensive central parklands.

Employment among residents spans retail, health care, education, professional services and trades, with many commuting to other parts of Melbourne. Chadstone’s identity is shaped by its residential redevelopment, road-based connectivity and the presence of a major metropolitan retail centre within Melbourne’s inner south-east.

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