Carnegie, 3163 ranked 462th in VIC when comparing growth in median property values or capital gain over the last 12 months. Carnegie is one of 2098 in our list for VIC
Carnegie,3163 was ranked 1442 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.20% offered to property buyers. Sellers in Carnegie itself are offering an average vendor discount of -4.43% to real estate investors.
Using the current median advertised rental of $542.5 and the average annual increase in value of a median property of 7.13%, investors should hope to achieve an overall return of 1.88%
Giving property investors a an unimpressive capital gain of -4.43% for the last year, Carnegie, 3163 is the 1316th highest performer in Australia in this respect.
Carnegie,3163 has offered an average of -4.43% return per annum in house price rises to property investors over the last three years.
Carnegie, 3163 is offering VIC ‘s 114th 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.
On average over the past year, suburb has had 21.42 sales per month, which equates to 257 per year.
Situated 12km from the Melbourne CBD, Carnegie is an established suburb where vacancy rates have tightened from 1.9% to 1.5% in the 12 months leading up to March 2018Full summary
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Vacancies are squeezed further
Median unit price: $599,000
Vacancy rate: 1.5%
Three-year growth: 12.0%
Situated 12km from the Melbourne CBD, Carnegie is an established suburb where vacancy rates have tightened from 1.9% to 1.5% in the 12 months leading up to March 2018.
The unit market in this area has been performing admirably since 2013, with an average annual growth rate of 6.2%. The median price comes in at just under $600,000, and the average rental rate comes in at $400 per week.
Initially christened as Rosstown, Carnegie is home to a bustling commercial scene. The shopping district is centred on Koornang Road and Dandenong Road. Koornang Park and the Carnegie Swim Centre are located here as well, along with Carnegie Primary School. Residents are served by the Cranbourne/Pakemham rail line, several bus routes and the Carnegie tram route.Close