Property investors who have had real estate in Carrum, 3197 should be relatively 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 10.37%
Comparing Carrum,3197 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Carrum is 426th on a list of best yielding suburbs for rents in VIC with a 2.63% return
With a capital gain of 10.75% for the last 12 months, Carrum, 3197 has performed for property investments than its average annual 6.09% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Carrum,3197 has racked up an average of 10.75% over the period. This ranks it number 390th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $405 mark per week – giving a return of 3.57% based on the median price in Suburb