At number 2389th in the list of Australian suburbs ordered by increase in median house value over the last year, Caroline Springs, 3023 is in the BOTTOM 50% with a property value increase of 0.00% recorded in median house prices.
Caroline Springs,3023 was ranked 3054 in Australia by increase in median property value over the quarter.
At number 208th of VIC’s most discounted properties, Caroline Springs is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Property investors who have had real estate in Caroline Springs, 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 9.88%
When looking at the potential capital gains offered to property investors over the last 3 years, Caroline Springs comes in at number 145th in VIC.
Residents and property investors in Caroline Springs have been waiting around 64.38 days to sell a property.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
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.