Investment property in Cairnlea has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.09%
If we look at median property appreciation over just the last three months, Cairnlea has given property investors a paper return of 0.00%. This puts Suburb as 497 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Cairnlea should be aiming for at least -3.66% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Cairnlea being $600000 and the advertised rent reaching $415 the gross rental yield for property investors calculates out to be 3.60%