2. VIC
  3. Melton

Caroline Springs VIC 3023

Houses Units

Here you can find what you need to know about Caroline Springs, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$735K Median Sale Price (National Average $485k) 389th In VIC
-1.41% Median Sale Price Change (1yr) (National Average 4.30%) 2383rd In VIC
$470pw Median Rent (National Average $395) 404th In VIC
3.3% Median Gross Yield (National Average 4.24%) 301st In VIC
Properties sold 262
Average discounting -4.38%
Average Days on Market 41
Stock on Market 63 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Caroline Springs, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Caroline Springs, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Caroline Springs, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Caroline Springs


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Caroline Springs, VIC 3023

Part of: Melton Council No data available

The size of Caroline Springs is approximately 8.4 square kilometres. It has 50 parks covering nearly 21.4% of total area. The population of Caroline Springs in 2011 was 20,366 people. By 2016 the population was 24,215 showing a population growth of 18.9% in the area during that time. The predominant age group in Caroline Springs is 0-9 years. Households in Caroline Springs are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Caroline Springs work in a professional occupation. In 2011, 79% of the homes in Caroline Springs were owner-occupied compared with 74.3% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Caroline Springs

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Caroline Springs   for Houses in last 12 months


There have been 262 Houses sold in Caroline Springs in the past 12 months with a median sale price of $735K, down 1.4% annually. It takes on average 27 days to sell with vendor discounting of -4.4%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Taylors Hill VIC, 3037 -1.76% $894,000 $520pw 3.0% View Suburb Profile
Point Cook VIC, 3030 -1.20% $760,750 $520pw 3.5% View Suburb Profile
Carramar NSW, 2163 1.13% $850,000 $550pw 3.4% View Suburb Profile
Hillside VIC, 3037 -6.02% $750,000 $460pw 3.2% View Suburb Profile
Aintree VIC, 3336 -0.99% $748,500 $490pw 3.4% View Suburb Profile
Burnside Heights VIC, 3023 0.27% $748,000 $500pw 3.5% View Suburb Profile

Currency

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