Over the last year, property investments in Carrum Downs, 3201 have given investors a capital gain of 21.82%. This compares very favourably with the 10.43% for VIC as a whole.
Over the longer term, Carrum Downs has seen property prices show investors a 37.94% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Carrum Downs should be aiming for at least -2.52% off the asking price, which is the average vendor discount being achieved at the moment.
The VIC suburb of Carrum Downs, 3201 is in the Frankston local government area.
At number 367th in the list of Australian suburbs ordered by increase in median house value over the last year, Carrum Downs, 3201 is in the top 30% with a property value increase of 12.15% recorded in median house prices.
Across a shorter period, Carrum Downs, 3201 has seen a median price increase of 4.94% over the last quarter.
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 Downs, 3201. Typically our figures indicate that -2.13% is being offered, which puts this VIC suburb at 1401th most discounted overall in Australia.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.