At number 870th in the list of Australian suburbs ordered by increase in median house value over the last year, Cairnlea, 3023 is in the top 30% with a property value increase of 12.69% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Cairnlea comes in at number 305th in VIC.
LACK OF BUYER INTEREST may well be the reason that Cairnlea is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 389th in terms of most discounted suburbs in VIC
Residents and property investors in Cairnlea have been waiting around 59.54 days to sell a property.
Advertised rents are around the $405 mark per week – giving a return of 3.46% based on the median price in Suburb