Chadstone is a mid-sized suburb in Victoria within the Monash local government area (postcode 3148). With a population of 9,552, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $104K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Chadstone is $1.2 million, having declined 5.5% over the past year. Units have a median price of $733,000 (-17.5% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,250.
Chadstone is served by 1 school, including 1 secondary. The average ICSEA score is 1093, which is above the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Chadstone offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 11.8x is considered stretched. House prices have moved -5.5% year-on-year.
Chadstone is a mid-sized suburb in Victoria within the Monash local government area (postcode 3148). With a population of 9,552, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $104K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Chadstone is $1.2 million, having declined 5.5% over the past year. Units have a median price of $733,000 (-17.5% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,250.
Chadstone is served by 1 school, including 1 secondary. The average ICSEA score is 1093, which is above the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Chadstone offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 11.8x is considered stretched. House prices have moved -5.5% year-on-year.