Suburb Profile Report for Carnegie VIC (3163)

Carnegie House: Median price $1,350,000, Annual capital growth 9.88%, Number of sales 105, Weekly median advertised rent $540

Carnegie Unit: Median price $528,500, Annual capital growth 5.16%, Number of sales 264, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Carnegie is in the bottom 40% in VIC when comparing median price capital growth over the last year. Carnegie gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.06%.

While Carnegie,3163 ranked number 229th in VIC for increase in median house value (annualised) increase, it is ranked 137th over the last 5 years.

Vendor discounting in Carnegie is giving property investors an average Vendor Discount of around -6.67%. This puts suburb at number 171th in VIC when ranking the most discounted suburbs.

With the median price for a house in Carnegie being $1350000 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 2.08%

Property value increases in Carnegie have tracked lower than the VIC average of 4.28% over the last 12 months.

Over the longer term, Carnegie has seen property prices show investors a 6.77% 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 -5.03% offered to property buyers. Sellers in Carnegie itself are offering an average vendor discount of -6.02% to real estate investors.

Situated 11.28km from the CBD, Carnegie is one of Glen Eira localities in the postcode 3163.

Metrics i HOUSE UNIT
$1,350,000 $528,500
3.85% -2.13%
5.06% -3.03%
9.88% 5.16%
$540 $380
105 264
2.08% 3.74%
100.7 58.58

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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
Chart Table
Recent sales & rentals