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Investment Property Caroline Springs, VIC, 3023

Suburb Snapshot

Caroline Springs is a suburb in the Melton Region of Victoria. Caroline Springs has a population of 24,209 people and 20.74% of its occupants live in rental accommodation. The median listing price for houses is $699,000 and this has changed -0.15% over the past year and changed -0.15% over 2 years.

The median rent in Caroline Springs for houses is $520 per week and the median rental yield is 3.86%. Stock on the market for houses/townhouses has changed -16.84% compared to last year and the average time to sell a house/townhouse is 70 days.The median listing price for units is $450,000 and this has changed 5.88% over the past year. The average unit takes 118 days to sell and the median rent for a unit in Caroline Springs is $475 per week, producing a rental yield of 5.48%.

Supply & Demand in Caroline Springs, Melton

0.96%

Current vacancy rate


81

Rental stock available


24,209

Population


20.74%

Rental population


1.02%

Current vacancy rate


615

Rental stock available


135,440

Population


19.54%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Caroline Springs, Melton

  House Townhouses Units
Median listing price $699,000 $480,000 $450,000
Median price change - last quarter -0.22% -3.04% -1.10%
Median price change - 1 year -0.15% -4.00% 5.88%
Median price change - 2 years -0.15% -10.29% 4.65%
  House Townhouses Units
Median weekly rent $520 $480 $475
Median yield % 3.86% 5.20% 5.48%
Median rent change - 1 year 10.63% 11.62% 13.09%
  House Units
Previous month sales 25 2
Stock on market previous month 79 16
Stock variance vs. last year -16.84% 45.45%
Average days on market 70 118

Caroline Springs investment property listings

Showing 2 of 2 investment properties found in Caroline Springs on realestateinvestar.com.au

6/5-6 Chelsworth Pl, Caroline Springs

$470,000

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SENSATIONAL START or INVESTMENT PERFECTION!

A brilliant entry into the suburb of Caroline Springs, this cosy property is a winning choice either way with its affordability and superb location! Embrace yourself for the best living located only walking distance to Caroline Springs Boulevard, local primary and secondary schools, public ...

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Townhouse

VIC 3023


4 Carlsruhe Pl, Caroline Springs

$0

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Space for the boat, caravan and family!

Set on an expansive 791sqm (approx.) allotment in one of Caroline Springs' most tightly held enclaves, this impressive residence delivers refined family living with exceptional space, comfort, and future potential. From the moment you arrive, the scale of the home is evident. Designed to ...

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House

VIC 3023


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