If you compare the increase in value of investment property in Carrum, 3197 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.62%.
Comparing Carrum,3197 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Carrum3197 is located in VIC which offers an average discount of -6.34% to property investors. Carrum itself is showing figures that indicate -7.40% is the average achievable by property buyers investing in the suburb.
Situated 32.55km from the CBD, Carrum is one of Kingston (C) (Vic.) localities in the postcode 3197.
Giving property investors a a poor capital gain of -11.97% for the last year, Carrum, 3197 is the 1376th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Carrum comes in at number 216th in VIC.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Carrum itself are offering an average vendor discount of -8.57% to real estate investors.
In the last year 51 properties changed hands in Carrum, which puts it as the 168th most active market in VIC when comparing the number of sales per suburb.