Real Estate Carnegie Vic 3163

Carnegie: Residential, public transport, schools, parks

Housing Market in Carnegie

Key Carnegie Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$887	Top 8%	177% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Carnegie

Carnegie Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Carnegie

23.2%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	330	Top 12%	65% to Jun 2025
Developments	0.7	Bottom 30%	Data for Jul 2023
Housing Stock Quality Indicator	90.9	Top 2%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	34 lots	Top 18%	54% to May 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	42	Top 2%	to Feb 2025

Housing Stock Quality in Carnegie

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	32.0%	Bottom 2%	13% to Jan 2021
Average bedrooms - all homes	2.2	Bottom 26%	4% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Carnegie

Carnegie Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Carnegie

27.0%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	3.9 sq km	Bottom 35%	Data for Jan 2021
Heritage overlay total area	0.5 sq km	Top 19%	Data for Jun 2023
Residential density	217 sqm per resident	Bottom 4%	Data for Jan 2021

Risk in Carnegie

Carnegie Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Carnegie

45.5

Melbourne

49.7

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	63.7%	Bottom 3%	1% to May 2023
% Rentals	36.3%	Top 3%	2% to May 2023
Housing Affordability Index	67	Top 4%	Data for Jun 2023
Median monthly mortgage	$2,230	Top 33%	17% to May 2023
Rent Affordability Index (Houses)	72	Bottom 20%	Data for Jun 2023
Rent Affordability Index (Units)	72	Bottom 29%	Data for Jun 2023
Mortgage as a percent of income	25.0%	Top 34%	19% to Jan 2021
Mortgaged Dwellings	32.3%	Bottom 32%	11% to May 2023

Housing Demand in Carnegie

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030

Carnegie

88.7%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	22700	Top 13%	20% to Dec 2036
Historical Population (SA3)	165000	Top 9%	27% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	187000	Top 8%	53% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Carnegie

Carnegie Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$575	Top 24%	148% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	39.5%	Bottom 3%	32% to Mar 2025

Accommodation Options (3)

Realtors (3)

Headline	Place	Datetime
Century 21 Anderson & Co	164 Koornang Rd
DW Constructions	86 Neville St
Dome Property Development Group	Lvl 1 Suite 1 69-71 Rosstown Rd

Businesses (72)

Name	Address
	Factory 1/317 Neerim Rd, Carnegie VIC 3163, Australia
Bond Construction	22 Ames Ave, Carnegie VIC 3163, Australia
E.P Emerency Electrician Carnegie Installs & Repairs	Carnegie Area, Carnegie VIC 3163, Australia
CDE Developments	1 Park View Dr, Carnegie VIC 3163, Australia
Carnegie Electrical Services	21 Acacia St, Carnegie VIC 3163, Australia

Planning Applications: Dwellings (59)

Headline	Place	Date
Construction of 2 double storey dwellings on a lot - City of Glen Eira GE/DP-37709/2025	6 Portland Street Carnegie VIC 3163	09 Mar 2025
Construction of one double storey dwelling to the rear of the existing dwelling - City of Glen Eira GE/DP-37702/2025	2 Frogmore Road Carnegie VIC 3163	05 Mar 2025
Construction of a carport on land affected by the Heritage Overlay - City of Glen Eira GE/SP-37686/2025	181 Koornang Road Carnegie VIC 3163	27 Feb 2025
Demolition and replacement of front fencing, and removal and replacement of a garage door to a building on land in a Heritage Overlay. - City of Glen Eira GE/SP-37687/2025	1118 Dandenong Road Carnegie VIC 3163	27 Feb 2025
Construction of two double storey dwellings on a lot - City of Glen Eira GE/DP-37684/2025	33 Elliott Avenue Carnegie VIC 3163	25 Feb 2025

Planning Applications: Other (41)

Headline	Place	Date
Permit allows: Development and use of the existing premise for the purpose of a retail plant nursery, shop, restaurant, sale and consumption of liquor and a reduction in the standard car parking requirement Proposed amendments: Extension and Alternation to the existing tram on site - City of Glen Eira GE/PP-6769/1993/E	122 Grange Road Carnegie VIC 3163	07 Mar 2025
Permit allows: Development and use of the existing premise for the purpose of a retail plant nursery, shop, restaurant, sale and consumption of liquor and a reduction in the standard car parking requirement Proposed amendments: Extension and Alternation to the existing tram on site - City of Glen Eira GE/PP-6769/1993/E	122 Grange Road Carnegie VIC 3163	07 Mar 2025
Demolition and replacement of front fencing, and removal and replacement of a garage door to a building on land in a Heritage Overlay. - City of Glen Eira GE/SP-37687/2025	1118 Dandenong Road Carnegie VIC 3163	27 Feb 2025
Construction of a carport on land affected by the Heritage Overlay - City of Glen Eira GE/SP-37686/2025	181 Koornang Road Carnegie VIC 3163	27 Feb 2025
Painting the exterior of the house as per original colour (white), demolition of lattice fence and timber paling fence make way for garden bed, replacement of new garage doors. - City of Glen Eira GE/VS-1013/2025	1118 Dandenong Road Carnegie VIC 3163	24 Feb 2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Glen Eira

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$702,500	Neerim Rd
10 May 2024	$884,000	Koornang Rd
10 May 2024	$510,000	Oakleigh Rd
10 May 2024	$233,800	Poplar Gr
10 May 2024	$965,000	Newman Ave

Percent of Renters by Street (100)

Percent of Renters	Street
60.2%	Albert Rd
31.9%	Ames Ave
57.0%	Anzac St
37.8%	Acacia St
21.6%	Arawatta St

Median House Rental Prices by Street (37)

Level_0	Street	Date	Median rent (per week)
107200	Glen Huntly Rd	13 Mar 2025	$950
107129	Emily St	13 Mar 2025	$765
107122	Elliott Ave	13 Mar 2025	$767
107116	El Nido Gr	13 Mar 2025	$900
107292	Hunter St	13 Mar 2025	$890

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
88.3%	Elliott Ave	high turnover	Every 11.3 years (high turnover)	2025
84.2%	Glen Huntly Rd	average turnover	Every 11.9 years (average turnover)	2025
90.3%	Oakleigh Rd	high turnover	Every 11.1 years (high turnover)	2025
29.4%	Melton Ave	very tightly held	Every 34.0 years (very tightly held)	2025
66.2%	Rigby Ave	quite tightly held	Every 15.1 years (quite tightly held)	2025

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Yendon Rd	10 May 2024	$1,475,000
Woornack Rd	10 May 2024	$1,410,000
Jersey Pde	10 May 2024	$1,175,000
Vine Gr	10 May 2024	$1,331,000
Truganini Rd	10 May 2024	$1,205,000

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
43 Mclaurin Rd	$1,465,000	3.0	1.0	2.0	08 Mar 2025	On Market
48 Grange Rd	Price Withheld	5.0	4.0	3.0	08 Mar 2025	On Market
689 North Rd	Price Withheld	4.0	3.0	4.0	05 Mar 2025	On Market
75 Morgan St	Price Withheld	3.0	1.0	2.0	01 Mar 2025	On Market
56 Leila Rd	$1,925,000	4.0	2.0	1.0	01 Mar 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 12, 54 Railway Rd	$420	1.0	1.0	1.0	06 Mar 2025
Unit 1, 244 Koornang Rd	$650	2.0	1.0	1.0	04 Mar 2025
Unit 1, 244 Koornang Rd	$650	2.0	1.0	1.0	04 Mar 2025
Unit 1, 244 Koornang Rd	$650	2.0	1.0	1.0	04 Mar 2025
Unit 2, 40 Coorigil Rd	$550	2.0	1.0	1.0	26 Feb 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 43 Tranmere Ave	$700	3	2	2	04 Mar 2025
Unit 2, 43 Tranmere Ave	$700	3	2	2	04 Mar 2025
Unit 2, 43 Tranmere Ave	$700	3	2	2	04 Mar 2025
Unit 2, 43 Tranmere Ave	$700	3	2	2	04 Mar 2025
80 Leila Rd	$580	2	1	2	03 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
1a Lascelles St	Price Withheld	4.0	2.0	2.0	26 Feb 2025	On Market
1a Lascelles St	Price Withheld	4.0	2.0	2.0	26 Feb 2025	On Market
1a Lascelles St	Price Withheld	4.0	2.0	2.0	26 Feb 2025	On Market
1a Lascelles St	Price Withheld	4.0	2.0	2.0	26 Feb 2025	On Market
Unit 1, 8 Melton Ave	$922,500	3.0	1.0	2.0	18 Feb 2025	On Market

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