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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 1 of 1 investment properties found in Caroline Springs on realestateinvestar.com.au

8/69-77 Lancefield Dr, CAROLINE SPRINGS

$460,000

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Townhouse

VIC 3023


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