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Carrum Downs

Suburb Profile

Carrum Downs - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3201

house
unit

Property investments in CARRUM DOWNS fare well against the rest of the country last year, registering a median home price increase of 4.09%.

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

Based on its average 5-year and quarterly capital gains CARRUM DOWNS, 3201 saw average growth in the long term.

Real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 31.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $560,000.

CARRUM DOWNS ranks 219th on the list of best yielding suburbs for rental properties in VIC, posting a 3.62% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $560,000 $450,000
GROWTH REPORT
Median Quarterly 2.28% 0%
Median 12 month 4.09% 5.88%
Median 3 years 14.29% 18.42%
Median 5 years 56.86% 45.16%
10 years average annual 5.89% 4.83%
Weekly media advert. rent $390 $370
Time on Market 31.7 days 43.0 days
Gross Rental Yield Percent 3.62% 4.28%
demographics (median values)
Total Population
17210
Weekly Household Income
1012
Household Size
2.70
demographics
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