The suburb’s capital gain of 7.17% for the past year is lower than average compared to its 76.4% growth within a five-year period.
Also in CARNEGIE, the median home price is sitting at $1,420,000, and the average rent at $525, this suggests property owners could potentially earn a 1.92% increase in gross rental yield.
Property investors have seen a 0% gain in CARNEGIE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.78% growth over a ten-year period. It ranks 49th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.17%||2.94%|
|Median 3 years||51.06%||7.9%|
|Median 5 years||76.4%||23.08%|
|10 years average annual||9.78%||6.1%|
|Weekly media advert. rent||$525||$389|
|Time on Market||89.1 days||72.0 days|
|Gross Rental Yield Percent||1.92%||3.61%|