Chirnside Park is a well-established suburb in Victoria within the Yarra Ranges local government area (postcode 3116). With a population of 11,779, the suburb has an established demographic with a median age of 38. Households earn a median income of $108K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Chirnside Park is $891,000, having dipped slightly 1.1% over the past year. Units have a median price of $713,000 (+1.6% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,167.
Chirnside Park is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 39 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Chirnside Park offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($891K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved -1.1% year-on-year.
Chirnside Park is a well-established suburb in Victoria within the Yarra Ranges local government area (postcode 3116). With a population of 11,779, the suburb has an established demographic with a median age of 38. Households earn a median income of $108K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Chirnside Park is $891,000, having dipped slightly 1.1% over the past year. Units have a median price of $713,000 (+1.6% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,167.
Chirnside Park is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 39 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Chirnside Park offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($891K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved -1.1% year-on-year.