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.