Property investors who have had real estate in Carnegie, 3163 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.69%
Taking the average capital gain, or increase in median house value, Carnegie,3163 has racked up an average of 7.69% over the period. This ranks it number 284th in the whole country for real estate investors looking at median house price increases.
At number 620th of VIC’s most discounted properties, Carnegie is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Carnegie the average time real estate has been on the market is 98.9 days.
A $537.5 per week rent on the median house gives suburb investors a gross yield of circa 2.00%, without taking into account capital value appreciation, which has been averaging out at 10.00%.
Giving property investors a an unimpressive capital gain of -0.92% for the last year, Carnegie, 3163 is the 1195th highest performer in Australia in this respect.
Over the longer term, Carnegie has seen property prices show investors a 6.05% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Carnegie 3163 should be seeing an average reduction in asking price of around -5.77% . This means that Carnegie is holding prices well when compared to other suburbs in VIC.
At number 545 in a list of fastest selling suburbs, Carnegie is in the TOP 40% of suburbs in Australia with an average of days on market 65.32 for properties listed there.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 3.71%, without taking into account capital value appreciation, which has been averaging out at 5.56%.