At number 1940th in the list of Australian suburbs ordered by increase in median house value over the last year, Cairnlea, 3023 is in the top half with a property value increase of 0.77% recorded in median house prices.
Over the longer term, Cairnlea has seen property prices show investors a 30.83% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Cairnlea should be aiming for at least -3.71% off the asking price, which is the average vendor discount being achieved at the moment.
Cairnlea, 3023’s gross rental yield is 3.11%
If you compare the increase in value of investment property in Cairnlea, 3023 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 2.79%.
When looking at the potential capital gains offered to property investors over the last 3 years, Cairnlea comes in at number 243th in VIC.
With the median price for a house in Cairnlea being $433200 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.80%