With a capital gain of 10.41% for the last 12 months, Cairnlea, 3023 has performed for property investments than its average annual 6.65% 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.
The most recent median price for Cairnlea is $610000, with sellers offering an average of -2.89% off the asking price.
At number 975 in a list of fastest selling suburbs, Cairnlea is in the TOP 30% of suburbs in Australia with an average of days on market 61.98 for properties listed there.
Advertised rents are around the $405 mark per week – giving a return of 3.45% based on the median price in Suburb