Over the last year, property investments in Carrum, 3197 have given investors a capital gain of 24.63%. This compares very favourably with the 10.43% for VIC as a whole.
While Carrum,3197 ranked number 430th in VIC for increase in median house value (annualised) increase, it is ranked 114th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Carrum itself are offering an average vendor discount of -10.00% to real estate investors.
Carrum is in the TOP 20% in VIC when comparing median price capital growth over the last year. Carrum gave property investors a very good capital gain figure when compared to the rest of the state, with 13.50%.
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.
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 -13.79% is being offered, which puts this VIC suburb at 15th most discounted overall in Australia.
At number 216 in a list of fastest selling suburbs, Carrum is in the TOP 20% of suburbs in Australia with an average of days on market 45.2 for properties listed there.
Property investors should expect to get $400 weekly from the median priced house in this suburb.