If you compare the increase in value of investment property in Caroline Springs, 3023 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.00%.
A 28.57% growth in median value for property investors in Caroline Springs,3023 puts this suburb at number 299th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Caroline Springs is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 444th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Caroline Springs the average time real estate has been on the market is 54.08 days.
With the median price for a house in Caroline Springs being $540000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.76%
Caroline Springs, 3023 ranked 297th in VIC when comparing growth in median property values or capital gain over the last 12 months. Caroline Springs is one of 2098 in our list for VIC
When looking at the potential capital gains offered to property investors over the last 3 years, Caroline Springs comes in at number 311th in VIC.
Caroline Springs, 3023 is offering VIC ‘s 79th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Situated 19.00km from the CBD, Caroline Springs is one of Melton localities in the postcode 3023.
Take a look 25km west of Melbourne’s CBD and you will find a suburb that’s got a lot of things going for it.Full summary
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Take a look 25km west of Melbourne’s CBD and you will find a suburb that’s got a lot of things going for it.
Towards the north of Caroline Springs is the town square and main shopping centre. But as the name suggests, its natural beauty is a key drawcard of this suburb. In particular, the Kororoit Creek runs through the centre of the suburb which is home to some beautiful and rare plants and animals.
There are also great walking tracks, not to mention its sought-after parks and lakes.
Moving on to the popular amenities unrelated to the outdoors, there is also a good range of shops, cafés, restaurants and medical facilities within the suburb.
At the moment, the suburb’s main form of transport is car, however, a new V/Line train station at Caroline Springs is on track to be completed in 2016. Demand is already strong as shown by the vacancy rate of just 1.57%. Moreover, Onthehouse.com.au is predicting a strong 7% p.a growth over the next eight years.
Families who target this area would benefit from buying in streets such as Tumbalong St and Pyrmont Ln. Not only are they situated in a quiet area but they are in close proximity to schools, the town centre, restaurants, lakes and public transport. Three-bedroom houses in this area can be picked up for less than $500,000.