With a capital gain of 0.00% for the last 12 months, Carrum, 3197 has performed for property investments than its average annual 6.81% property growth over the last 5 years.
The five-year average increase in median property values for Carrum,3197 has given property investors a potential capital gain of 53.85% across each of those five years.
Carrum3197 is located in VIC which offers an average discount of -6.20% to property investors. Carrum itself is showing figures that indicate -7.18% is the average achievable by property buyers investing in the suburb.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.84%, without taking into account capital value appreciation, which has been averaging out at 6.81%.
Carrum is in the TOP 30% in VIC when comparing median price capital growth over the last year. Carrum gave property investors a good capital gain figure when compared to the rest of the state, with 10.22%.
Over the longer term, Carrum has seen property prices show investors a 26.42% return over the last 3 years. This is worse than over the last 12 months
Carrum, 3197 is offering VIC ‘s 287th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
At number 885 in a list of fastest selling suburbs, Carrum is just in the bottom half of suburbs in Australia with an average of days on market 79.25 for properties listed there.