With a capital gain of 9.16% for the last 12 months, Cairnlea, 3023 has performed for property investments than its average annual 6.76% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cairnlea has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -2.88% to buyers in Cairnlea at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 7.50 sales per month, which equates to 90 per year.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 6.76%, investors should hope to achieve an overall return of 3.48%