Property investors who have had real estate in Cairnlea, 3023 should be relatively 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 11.11%
If we look at median property appreciation over just the last three months, Cairnlea has given property investors a paper return of -3.52%. This puts Suburb as 650 on a list of fastest fasting appreciating suburbs in VIC
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.04% offered to property buyers. Sellers in Cairnlea itself are offering an average vendor discount of -3.58% to real estate investors.
At number 1681 in a list of fastest selling suburbs, Cairnlea is just in the top half of suburbs in Australia with an average of days on market 67.18 for properties listed there.
Situated 16.87km from the CBD, Cairnlea is one of Brimbank localities in the postcode 3023.