Property investors who have had real estate in Carrum, 3197 should be pleased 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 21.38%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Carrum has increased when compared to the 5 year average annual rate.
The most recent median price for Carrum is $765000, with sellers offering an average of -3.99% off the asking price.
With a capital gain of 6.80% for the last 12 months, Carrum, 3197 has performed for property investments than its average annual 7.84% property growth over the last 5 years.
Comparing Carrum,3197 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Carrum 3197 should be seeing an average reduction in asking price of around -3.18% . This means that Carrum is holding prices well when compared to other suburbs in VIC.
Carrum is 253th on a list of best yielding suburbs for rents in VIC with a 3.73% return