Carrum has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 21.73% to date .
Taking the average capital gain, or increase in median house value, Carrum,3197 has racked up an average of 21.73% over the period. This ranks it number 374th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Carrum 3197 should be seeing an average reduction in asking price of around -3.99% . This means that Carrum is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Carrum being $745000 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 2.83%
Over the last year, property investments in Carrum, 3197 have given investors a capital gain of 4.81%. This compares averagely with the 3.49% for VIC as a whole.
A 29.76% growth in median value for property investors in Carrum,3197 puts this suburb at number 166th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Carrum should be aiming for at least -2.81% off the asking price, which is the average vendor discount being achieved at the moment.