Investment property in Carrum has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.64%
While Carrum,3197 ranked number 544th in VIC for increase in median house value (annualised) increase, it is ranked 355th over the last 5 years.
At number 584th of VIC’s most discounted properties, Carrum 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 Carrum the average time real estate has been on the market is 72.69 days.
Carrum is 352th on a list of best yielding suburbs for rents in VIC with a 3.45% return
Carrum, 3197 ranked 273th in VIC when comparing growth in median property values or capital gain over the last 12 months. Carrum is one of 2098 in our list for VIC
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.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.33% offered to property buyers. Sellers in Carrum itself are offering an average vendor discount of -4.08% to real estate investors.
At number 397 in a list of fastest selling suburbs, Carrum is in the TOP 30% of suburbs in Australia with an average of days on market 57.89 for properties listed there.
Carrum, 3197’s gross rental yield is 3.69%