If you compare the increase in value of investment property in Carrum, 3197 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.94%.
Over the longer term, Carrum has seen property prices show investors a 53.35% return over the last 3 years. This is worse than over the last 12 months
Carrum3197 is located in VIC which offers an average discount of -5.08% to property investors. Carrum itself is showing figures that indicate -6.91% is the average achievable by property buyers investing in the suburb.
VIC has seen average median house prices change by 8.22% which means that Carrum, 3197 has done well for property investors by showing a capital gain of 18.18% over the last year
If we look at median property appreciation over just the last three months, Carrum has given property investors a paper return of 4.84%. This puts Suburb as 74 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -5.29% to buyers in Carrum at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 6.33%, investors should hope to achieve an overall return of 3.34%