Property value increases in Carrum have tracked higher than the VIC average of 9.04% over the last 12 months.
While Carrum,3197 ranked number 33th in VIC for increase in median house value (annualised) increase, it is ranked 86th over the last 5 years.
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 Carrum, 3197. Typically our figures indicate that -7.21% is being offered, which puts this VIC suburb at 1071th most discounted overall in Australia.
Investment property in Carrum has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.75%
Taking the average capital gain, or increase in median house value, Carrum,3197 has racked up an average of 3.75% over the period. This ranks it number 913th in the whole country for real estate investors looking at median house price increases.
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 Carrum itself are offering an average vendor discount of -12.33% to real estate investors.
Residents and property investors in Carrum have been waiting around 47.92 days to sell a property.