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 16.51%
If we look at median property appreciation over just the last three months, Carrum Downs has given property investors a paper return of 6.17%. This puts Suburb as 96 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Carrum Downs are currently offering property investors an average price cut of -2.99% below the asking price at the moment.
In the last year 357 properties changed hands in Carrum Downs, which puts it as the 40th most active market in VIC when comparing the number of sales per suburb.
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 5.43%.
Comparing Carrum Downs,3201 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 307th 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.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 5.09%, without taking into account capital value appreciation, which has been averaging out at 3.52%.