Property investors who have had real estate in Cairnlea, 3023 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 6.25%
Over the longer term, Cairnlea has seen property prices show investors a 28.52% return over the last 3 years. This is worse than over the last 12 months
Often selling an investment property can take time, and in Cairnlea the average time real estate has been on the market is 70.2432 days.
With the median price for a house in Cairnlea being $765000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.19%
In the last year 12 properties changed hands in Cairnlea, which puts it as the 319th most active market in VIC when comparing the number of sales per suburb.