If you compare the increase in value of investment property in Carrum Downs, 3201 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -4.85%.
Comparing Carrum Downs,3201 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Carrum Downs3201 is located in VIC which offers an average discount of -6.51% to property investors. Carrum Downs itself is showing figures that indicate -6.36% is the average achievable by property buyers investing in the suburb.
At number 176 in a list of fastest selling suburbs, Carrum Downs is in the TOP 10% of suburbs in Australia with an average of days on market 42.0862 for properties listed there.
Advertised rents are around the $395 mark per week – giving a return of 3.80% based on the median price in Suburb
Property investors who have had real estate in Carrum Downs, 3201 should be ok 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 1.14%
While Carrum Downs,3201 ranked number 115th in VIC for increase in median house value (annualised) increase, it is ranked 60th over the last 5 years.
Vendor discounting in Carrum Downs is giving property investors an average Vendor Discount of around -7.10%. This puts suburb at number 52th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $19240 per annum or $370 every week.