Property value increases in Carrum Downs have tracked higher than the VIC average of 9.78% over the last 12 months.
Over the longer term, Carrum Downs has seen property prices show investors a 37.78% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Carrum Downs are currently offering property investors an average price cut of -2.22% below the asking price at the moment.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 6.99%, investors should hope to achieve an overall return of 4.03%
If you compare the increase in value of investment property in Carrum Downs, 3201 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.92%.
When looking at the potential capital gains offered to property investors over the last 3 years, Carrum Downs comes in at number 135th in VIC.
Carrum Downs, 3201 is offering VIC ‘s 307th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
The VIC suburb of Carrum Downs, 3201 is in the Frankston local government area.