Chadstone

Chadstone, a suburb in Melbourne, Victoria, is located 14 km southeast of Melbourne’s Central Business District and falls within the City of Monash local government area. As of the 2021 census, Chadstone had a population of 9,552.

Demographic Profile

• Average Age: The average age in Chadstone is 33 years.
• Population: As per the 2016 census, Chadstone had a population of 8,641, with a notable number of residents born in Australia, China, India, Sri Lanka, and Greece.
• Language and Religion: A significant proportion of the population speaks English at home, followed by Mandarin and Greek. The most common religious affiliations are no religion and Catholicism.

Real Estate and Housing

• Market Trends: The median property prices in the last year have ranged from $1,303,750 for houses to $860,000 for units. Houses in Chadstone rent out an average of $595 per week, with an annual rental yield of 2.6%, while units rent for $545 per week.
• Property Types: In Chadstone, separate houses, semi-detached houses, and units/apartments are common. The area is predominantly zoned as General Residential.

Lifestyle and Amenities

• Education: Chadstone hosts several educational institutions, including Salesian College and St Mary Magdalen’s School.
• Local Attractions: Chadstone is renowned for the Chadstone Shopping Centre, Australia’s largest, offering various fashion, entertainment, and dining options.
• Transport: The suburb offers good public transport options and is well-connected by major roads, including the Monash Freeway.

Community Insights

Residents appreciate Chadstone’s balance of a quiet, peaceful environment with a vibrant shopping and entertainment hub. Given its proximity to universities and TAFE institutes, it’s considered suitable for families, professionals, and students. Parks and recreational areas like Batesford and Jordan Reserves add to the suburb’s appeal.