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Cairnlea
AREA REPORTS

Cairnlea

Cairnlea - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3023

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Based on its average 5-year and quarterly capital gains CAIRNLEA, 3023 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that CAIRNLEA, 3023 obtained a 5.59% growth over a ten-year period. It ranks 1089th on our list of suburbs that property investors should look into.

CAIRNLEA, 3023 in VIC belongs to the local government area of Brimbank (C).

CAIRNLEA, 3023 has a capital gain of 1.27% for the past year, which is lower than average compared to its 43.24% growth within a five-year period.

With the median home price in CAIRNLEA sitting at $795,000, and the average rent at $450, property owners could potentially earn a 2.94% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CAIRNLEA are low, as opposed to average gains per annum over the past five years.

Data report can be found below

Cairnlea
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $795,000 N/A
GROWTH REPORT
Median Quarterly -1.85% N/A
Median 12 month 1.27% N/A
Median 3 years 14.8% N/A
Median 5 years 43.24% N/A
10 years average annual 5.59% N/A
Weekly media advert. rent $450 N/A
Time on Market 60.8 days N/A
Gross Rental Yield Percent 2.94% N/A
demographics (median values)*
Total Population
63972
Weekly Household Income
1586
Household Size
3.20
Age
33
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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