At number 256th in the list of Australian suburbs ordered by increase in median house value over the last year, Carrum Downs, 3201 is in the top 10% with a property value increase of 23.93% recorded in median house prices.
Carrum Downs,3201 has offered an average of 23.93% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -2.73% to buyers in Carrum Downs at the moment, which is less than average for the rest of VIC.
A $365 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 7.38%.
Carrum Downs, 3201 ranked 108th in VIC when comparing growth in median property values or capital gain over the last 12 months. Carrum Downs is one of 2098 in our list for VIC
Carrum Downs,3201 has offered an average of 11.13% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Carrum Downs is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 281th in terms of most discounted suburbs in VIC