Over the last year, property investments in Carrum, 3197 have given investors a capital gain of 16.47%. This compares very favourably with the 7.68% for VIC as a whole.
Carrum,3197 was ranked 154 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Carrum is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 599th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
Carrum, 3197’s gross rental yield is 3.05%
Property value increases in Carrum have tracked close to the VIC average of 3.19% over the last 12 months.
The five-year average increase in median property values for Carrum,3197 has given property investors a potential capital gain of 23.26% across each of those five years.
At number 172th of VIC’s most discounted properties, Carrum is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Carrum have been waiting around 54.3 days to sell a property.
Situated 32.55km from the CBD, Carrum is one of Kingston localities in the postcode 3197.