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Cairnlea

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 5.43% growth over a ten-year period. It ranks 3003rd on our list of suburbs that property investors should look into.

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

CAIRNLEA, 3023 has a capital gain of -2.31% for the past year, which is lower than average compared to its 12.47% growth within a five-year period.

With the median home price in CAIRNLEA sitting at $911,000, and the average rent at $650, property owners could potentially earn a 3.71% 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.

Surburb overview

Cairnlea, located approximately 17 kilometres northwest of Melbourne's Central Business District (CBD), is a suburb within the City of Brimbank local government area.  As of the 2021 census, it has a population of 10,038 residents. 

Established in 1999, Cairnlea was developed on the site of a former explosives manufacturing facility that operated from 1939 until its closure in the 1990s.  The suburb's development was completed around 2005, featuring several artificial lakes and a suburb-wide stormwater recycling system that feeds these lakes.

Cairnlea is characterised by a diverse demographic, including young professionals, families, and retirees. Most of the population comprises couples with children, reflecting a family-friendly environment.

Public transportation in Cairnlea is well-developed, offering residents convenient access to various parts of Melbourne. At the same time, the suburb does not have a train station; nearby stations such as Deer Park, Ginifer, Albion, and Sunshine service it. Additionally, several bus routes operate through Cairnlea, providing further connectivity options.

Cairnlea is home to various essential establishments, including educational institutions like Cairnlea Park Primary School and Victoria University Secondary College, healthcare facilities such as Sunshine Hospital, and shopping centres including Cairnlea Shopping Centre and Brimbank Shopping Centre.  The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy.

Recreational activities are abundant in Cairnlea, with numerous parks and green spaces available for public use. The suburb features several artificial lakes and the scenic Kororoit Creek Trail, providing walking, running, and cycling opportunities.  Additionally, the presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities. 

Cairnlea's blend of urban convenience and community-oriented living makes it a desirable location for diverse residents.

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