With a capital gain of 23.23% for the last 12 months, Carrum, 3197 has performed for property investments than its average annual 8.68% property growth over the last 5 years.
The five-year average increase in median property values for Carrum,3197 has given property investors a potential capital gain of 33.14% across each of those five years.
Property investors looking for a bargain in Carrum should be aiming for at least -3.22% off the asking price, which is the average vendor discount being achieved at the moment.
Over the last year, property investments in Carrum, 3197 have given investors a capital gain of 0.97%. This compares badly with the 3.63% for VIC as a whole.
While Carrum,3197 ranked number 109th in VIC for increase in median house value (annualised) increase, it is ranked 97th over the last 5 years.
Sellers are offering property buyers an average discount of -4.08% to buyers in Carrum at the moment, which is less than average for the rest of VIC.
Property investors should expect to get $367.5 weekly from the median priced house in this suburb.