With a capital gain of 6.92% for the last 12 months, Carnegie, 3163 has performed for property investments than its average annual 10.09% property growth over the last 5 years.
Carnegie,3163 was ranked 648 in Australia by increase in median property value over the quarter.
The most recent median price for Carnegie is $1390000, with sellers offering an average of -6.67% off the asking price.
Often selling an investment property can take time, and in Carnegie the average time real estate has been on the market is 95 days.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 10.09%, investors should hope to achieve an overall return of 2.06%
Carnegie has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.20% to date .
If we look at median property appreciation over just the last three months, Carnegie has given property investors a paper return of -1.30%. This puts Suburb as 284 on a list of fastest fasting appreciating suburbs in VIC
Carnegie, 3163 is offering VIC ‘s 87th 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.