Property investors who have had real estate in Carrum Downs, 3201 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.39%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Carrum Downs has increased when compared to the 5 year average annual rate.
At number 590th of VIC’s most discounted properties, Carrum Downs is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Property value increases in Carrum Downs have tracked just higher than the VIC average of 4.28% over the last 12 months.
Comparing Carrum Downs,3201 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Carrum Downs are currently offering property investors an average price cut of -2.87% below the asking price at the moment.
In the last year 130 properties changed hands in Carrum Downs, which puts it as the 60th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.35%, investors should hope to achieve an overall return of 4.95%