Carnegie is a well-established suburb in Victoria within the Glen Eira local government area (postcode 3163). With a population of 17,909, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Carnegie is $1.7 million, having increased 2.4% over the past year. Units have a median price of $604,000 (-2.6% YoY). The current median weekly rent is $503. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,040.
Carnegie is served by 1 school, including 1 primary. The average ICSEA score is 1146, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 62 bus stops. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Carnegie offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 17.6x is considered stretched. House prices have moved +2.4% year-on-year.
Carnegie is a well-established suburb in Victoria within the Glen Eira local government area (postcode 3163). With a population of 17,909, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Carnegie is $1.7 million, having increased 2.4% over the past year. Units have a median price of $604,000 (-2.6% YoY). The current median weekly rent is $503. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,040.
Carnegie is served by 1 school, including 1 primary. The average ICSEA score is 1146, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 62 bus stops. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Carnegie offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 17.6x is considered stretched. House prices have moved +2.4% year-on-year.