Chadstone

Chadstone is a vibrant suburb with a population of around 9,552 residents. The area has a diverse age range, with a significant number of residents aged between 20 to 44 years. The suburb offers convenient access to public transport, with a high proportion of residents commuting by train and by car. Chadstone also has a strong work-from-home culture, with a notable percentage opting for this mode of work. Chadstone presents opportunities for both house and unit investors. With a good yield median for houses and an even higher yield median for units, investors can benefit from the rental market. The suburb's low vacancy rate indicates high demand for rental properties. For renovators, the high sale price IQR ratio for houses suggests potential for capital growth through renovations. Property prices have shown consistent growth over the past years, making Chadstone an attractive choice for long-term investors. Chadstone is a suburb with a strong investment potential, offering a mix of housing options to cater to different investor preferences. Its growing population and consistent property price growth make it a promising location for those looking to enter the property market or expand their investment portfolio. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022