At number 1487th in the list of Australian suburbs ordered by increase in median house value over the last year, Caroline Springs, 3023 is in the top 40% with a property value increase of 8.39% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Caroline Springs comes in at number 399th in VIC.
Caroline Springs3023 is located in VIC which offers an average discount of -5.08% to property investors. Caroline Springs itself is showing figures that indicate -4.50% is the average achievable by property buyers investing in the suburb.
Caroline Springs is 262th on a list of best yielding suburbs for rents in VIC with a 3.43% return
Caroline Springs has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.28% to date .
Caroline Springs,3023 was ranked 499 in Australia by increase in median property value over the quarter.
Caroline Springs, 3023 is offering VIC ‘s 104th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
The VIC suburb of Caroline Springs, 3023 is in the Melton local government area.
Take a look 25km west of Melbourne’s CBD and you will find a suburb that’s got a lot of things going for it.Full summary
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Take a look 25km west of Melbourne’s CBD and you will find a suburb that’s got a lot of things going for it.
Towards the north of Caroline Springs is the town square and main shopping centre. But as the name suggests, its natural beauty is a key drawcard of this suburb. In particular, the Kororoit Creek runs through the centre of the suburb which is home to some beautiful and rare plants and animals.
There are also great walking tracks, not to mention its sought-after parks and lakes.
Moving on to the popular amenities unrelated to the outdoors, there is also a good range of shops, cafés, restaurants and medical facilities within the suburb.
At the moment, the suburb’s main form of transport is car, however, a new V/Line train station at Caroline Springs is on track to be completed in 2016. Demand is already strong as shown by the vacancy rate of just 1.57%. Moreover, Onthehouse.com.au is predicting a strong 7% p.a growth over the next eight years.
Families who target this area would benefit from buying in streets such as Tumbalong St and Pyrmont Ln. Not only are they situated in a quiet area but they are in close proximity to schools, the town centre, restaurants, lakes and public transport. Three-bedroom houses in this area can be picked up for less than $500,000.