Suburb Profile Report for Carnegie VIC (3163)

Carnegie House: Median price $1,300,000, Annual capital growth 9.58%, Number of sales 105, Weekly median advertised rent $545

Carnegie Unit: Median price $530,000, Annual capital growth 5.10%, Number of sales 239, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 3.17% for the last 12 months, Carnegie, 3163 has performed for property investments than its average annual 9.58% property growth over the last 5 years.

Carnegie,3163 has offered an average of 3.17% return per annum in house price rises to property investors over the last three years.

Carnegie3163 is located in VIC which offers an average discount of -6.00% to property investors. Carnegie itself is showing figures that indicate -12.70% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $545 weekly from the median priced house in this suburb.

Property investors who have had real estate in Carnegie, 3163 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.85%

When looking at the potential capital gains offered to property investors over the last 3 years, Carnegie comes in at number 179th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Carnegie, 3163. Typically our figures indicate that -6.63% is being offered, which puts this VIC suburb at 351th most discounted overall in Australia.

In the last year 239 properties changed hands in Carnegie, which puts it as the 23th most active market in VIC when comparing the number of sales per suburb.

HOUSE UNIT
$1,300,000 $530,000
0.00% 0.95%
3.17% -1.85%
9.58% 5.10%
$545 $380
105 239
2.18% 3.73%
88.92 54.74

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
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Recent sales & rentals