Property investors who have had real estate in Carrum Downs, 3201 should be 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 23.31%
The five-year average increase in median property values for Carrum Downs,3201 has given property investors a potential capital gain of 53.68% across each of those five years.
Property buyers and investors in Carrum Downs 3201 should be seeing an average reduction in asking price of around -1.49% . This means that Carrum Downs is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 28.33 sales per month, which equates to 340 per year.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
Over the last year, property investments in Carrum Downs, 3201 have given investors a capital gain of 11.86%. This compares favourably with the 6.72% for VIC as a whole.
Across a shorter period, Carrum Downs, 3201 has seen a median price increase of 3.32% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.36% offered to property buyers. Sellers in Carrum Downs itself are offering an average vendor discount of -1.13% to real estate investors.