Investor information.

Urbis Report November 2016

Income Growth

Year to December 2016

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Population growth

Carnegie has experienced steady population growth in the 15 years to 2016. The stable growth rate is expected to continue in the next 15 years, with the population forecasted to increase to 21,400 by 2031.

Source: ABS, ForecastID, Urbis

Local Amenity

Proximity to surrounding schools

Nearby schools include Carnegie Primary School, St Anthony's School and Goodstart Early Learning Carnegie; all of which fall within Carnegie's School Zone. The University of Melbourne and RMIT University are easily accessible via train or tram routes, and Monash University is a short 9km away by car.

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The Skyrail project

Carnegie is currently an approximate 19 minutes from Melbourne's CBD via the Cranbourne or Pakenham train lines. Currently under redevelopment, Carnegie train station is being prepared to support the new Skyrail project which seeks to decrease traffic congestion and commute times.

Source: ABS, ForecastID, Urbis

Affordability Gap

Year to December 2016

Median Sale Price

Year to December 2016

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Residential market

Carnegie's median unit sale price was the most affordable when compared to its surrounding suburbs in the year to December 2016. Along with the high price gap between apartments and houses, this increases the demand and popularity of apartments over houses in Carnegie.

Source: Urbis

Average Weekly Rents - Units

Sample of New Developments - Carnegie

Housing Tenure

Renter - 2011

Rental Yield and Vacancy Rate

Carnegie's rental market has continuously performed strongly in the last decade with median weekly rents increasing by 3.7% for 1-bedroom units, 3.9% for 2-bedroom units and 8.1% for 3-bedroom apartments in the year to December 2016. These rental growth figures have all surpassed Greater Melbourne over the same period.

Source: SQM Research