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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 $698,500 and this has changed -0.22% over the past year and changed -0.22% over 2 years.

The median rent in Caroline Springs for houses is $520 per week and the median rental yield is 3.87%. Stock on the market for houses/townhouses has changed -3.37% compared to last year and the average time to sell a house/townhouse is 67 days.The median listing price for units is $450,000 and this has changed 4.65% over the past year. The average unit takes 103 days to sell and the median rent for a unit in Caroline Springs is $455 per week, producing a rental yield of 5.25%.

Supply & Demand in Caroline Springs, Melton

0.89%

Current vacancy rate


75

Rental stock available


24,209

Population


20.74%

Rental population


1.05%

Current vacancy rate


633

Rental stock available


135,440

Population


19.54%

Rental population


0.94%

Current vacancy rate


29,256

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 $698,500 $480,000 $450,000
Median price change - last quarter -0.22% -3.04% -1.10%
Median price change - 1 year -0.22% -4.00% 4.65%
Median price change - 2 years -0.22% -8.58% 4.65%
  House Townhouses Units
Median weekly rent $520 $460 $455
Median yield % 3.87% 4.98% 5.25%
Median rent change - 1 year 13.04% 8.23% 8.33%
  House Units
Previous month sales 22 5
Stock on market previous month 86 16
Stock variance vs. last year -3.37% 6.67%
Average days on market 67 103

Caroline Springs investment property listings

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

2/12-20 Broadway Bdwy, CAROLINE SPRINGS

$400,000

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VIC 3023


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