If you compare the increase in value of investment property in Carrum Downs, 3201 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.96%.
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.
Sellers are offering property buyers an average discount of -2.85% to buyers in Carrum Downs at the moment, which is less than average for the rest of VIC.
Carrum Downs, 3201’s gross rental yield is 4.47%
At number 635th in the list of Australian suburbs ordered by increase in median house value over the last year, Carrum Downs, 3201 is in the top 40% with a property value increase of 5.60% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Carrum Downs comes in at number 236th in VIC.
Vendor discounting in Carrum Downs is giving property investors an average Vendor Discount of around -2.60%. This puts suburb at number 302th in VIC when ranking the most discounted suburbs.
Residents and property investors in Carrum Downs have been waiting around 42.32 days to sell a property.
With the median price for a house in Carrum Downs being $330000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.20%