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