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Investment Property Cairnlea, VIC, 3023

Suburb Snapshot

Cairnlea is a suburb in the Brimbank Region of Victoria. Cairnlea has a population of 9,661 people and 11.45% of its occupants live in rental accommodation. The median listing price for houses is $770,000 and this has changed -14.45% over the past year and changed -14.45% over 2 years.

The median rent in Cairnlea for houses is $575 per week and the median rental yield is 3.88%. Stock on the market for houses/townhouses has changed 18.18% compared to last year and the average time to sell a house/townhouse is 83 days.The median listing price for units is $415,000 and this has changed -2.36% over the past year. The average unit takes 214 days to sell and the median rent for a unit in Cairnlea is $450 per week, producing a rental yield of 5.63%.

Supply & Demand in Cairnlea, Brimbank

0.55%

Current vacancy rate


17

Rental stock available


9,661

Population


11.45%

Rental population


0.65%

Current vacancy rate


502

Rental stock available


194,317

Population


23.53%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Cairnlea, Brimbank

  House Townhouses Units
Median listing price $770,000 NA $415,000
Median price change - last quarter -2.54% NA 1.34%
Median price change - 1 year -14.45% NA -2.36%
Median price change - 2 years -14.45% NA 1.21%
  House Townhouses Units
Median weekly rent $575 $520 $450
Median yield % 3.88% NA 5.63%
Median rent change - 1 year 4.54% 8.33% 11.11%
  House Units
Previous month sales 6 1
Stock on market previous month 26 14
Stock variance vs. last year 18.18% -17.65%
Average days on market 83 214

Cairnlea investment property listings

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