Suburb Profile Report for Carnegie VIC (3163)

Carnegie House: Median price $1,306,000, Annual capital growth 9.36%, Number of sales 109, Weekly median advertised rent $550

Carnegie Unit: Median price $534,975, Annual capital growth 5.36%, Number of sales 267, Weekly median advertised rent $385

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 2883th in the list of Australian suburbs ordered by increase in median house value over the last year, Carnegie, 3163 is in the BOTTOM 40% with a property value increase of 0.66% recorded in median house prices.

While Carnegie,3163 ranked number 521th in VIC for increase in median house value (annualised) increase, it is ranked 179th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Carnegie is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 246th in terms of most discounted suburbs in VIC

In the last year 109 properties changed hands in Carnegie, which puts it as the 245th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $550 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Carnegie, 3163 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.65%.

Over the longer term, Carnegie has seen property prices show investors a 9.18% return over the last 3 years. This is worse than over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Carnegie itself are offering an average vendor discount of -6.11% to real estate investors.

Advertised rents are around the $385 mark per week – giving a return of 3.74% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,306,000 $534,975
0.46% 0.00%
0.66% -0.65%
9.36% 5.36%
$550 $385
109 267
2.19% 3.74%
92.9 56.02

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 16299
Median household income ($/weekly) 1286
Median age of persons 35
Median housing loan repayment ($/monthly) 2015
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 1442 8.8
    25-34 years 3520 21.6
    35-44 years 2444 15.0
    45-54 years 1951 12.0
    55-64 years 1581 9.7
    Others 5361 32.9
    Age Group
    Census Count Percent(%)
    Not Married 5861 46.2
    Registered Married 5700 44.9
    Defacto Relationship 1129 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 8574 55.4
    Croatia 903 5.8
    Indonesia 1346 8.7
    United Kingdom 540 3.5
    Other 1494 9.7
    Others 2624 16.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 549 3.7
    Christianity 7159 48.3
    Hinduism 1112 7.5
    Judaism 1333 9.0
    No Religion 4312 29.1
    Others 371 2.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 583 9.4
    $800-$999 554 8.9
    $1,000-$1,249 557 8.9
    $1,500-$1,999 755 12.1
    $2,500-$2,999 576 9.3
    Others 3202 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5550 42.2
    Not in the labour force 4128 31.4
    Employed, worked part-time 2554 19.4
    Unemployed, looking for work 475 3.6
    Employed, away from work 434 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 1138 13.3
    Professionals 2771 32.5
    Technicians & trades workers 868 10.2
    Clerical & administrative workers 1373 16.1
    Sales 795 9.3
    Others 1588 18.6
    Occupation
    Census Count Percent(%)
    Pre-school 262 6.9
    Infants/Primary 945 25.1
    Secondary 667 17.7
    Technical or Further Educational Institution 384 10.2
    University or other Tertiary Institutions 1318 35.0
    Others 195 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7051 46.5
    Flat, unit or apartment 4873 32.1
    Semi-detached, row or terrace house, townhouse 3197 21.1
    House or flat attached to a shop, office 39 0.3
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2795 42.4
    Fully owned 1922 29.1
    Being purchased 1842 27.9
    Other tenure type 35 0.5
    Tenure Type
Census 2011, ABS
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