Carnegie
3163 VIC
Carnegie, VIC 3163 has a diverse population with a mix of age groups, with a significant number of individuals aged 20-34 years. The suburb offers good commuting options, with a high percentage of residents working from home. The suburb has a high number of professionals and managers as the top occupations. The educational advantage of students in government schools is relatively high, ranking at the 94th percentile in ICSEA.
For houses in Carnegie, the high saleprice IqrRatio suggests potential for renovators. The market absorption rate indicates moderate demand. On the other hand, units have a higher room demand-supply ratio, a low vacancy rate, and a strong market absorption rate, making them an attractive option for investors seeking rental properties.
Carnegie, VIC 3163 offers a vibrant community with good amenities and transport links. The suburb presents opportunities for both homeowners and investors. Homebuyers interested in renovating may find value in the housing market, while investors could capitalize on the strong rental demand for units.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Carnegie houses.
Median Price
$1.611M
# Sales
146
12M Growth
1.8%
10Y Ave Growth
2.5%
Why Buyers Look Here
Tight supply — Only 0.5% of stock on market — limited turnover supports price growth.
Fast selling market — Properties sell in a median of 25 days — high buyer competition.
Low vacancy — 0.7% vacancy rate — strong rental demand and tenant retention.
Capital Growth
Pricing and long-term growth profile for Carnegie houses.
Median Price
$1.611M
# Sales
146
12M Growth
1.8%
10Y Ave Growth
2.5%
Rental Market
Yield, rental pricing and vacancy performance for Carnegie houses.
Weekly Rent
$830
Rental Yield
2.8%
Vacancy Rate
0.7%
Rentals Last 12M
147
Supply & Demand
Stock levels, days on market and selling conditions for Carnegie.
Stock on Market
0.5%
Days on Market
25
Building Approvals
0.2%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Carnegie.
Population
17,909
Owner Occupiers
55%
Median Income
$98k
IRSAD Rank
94
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