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Carnegie, VIC 3163
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,670,000
market range $1.6M-$1.7M
Median Unit
$640,000
market range $550K-$675K
Gross Yield (houses)
2.9%
1yr Growth (houses)
+1.0%
market range -7.5% to +10.0%
Investment snapshot for Carnegie
Carnegie has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Carnegie market and investor summary
In Carnegie, VIC 3163, the median house sells for around $1.7M, on a gross rental yield of 2.9% for houses. House prices have moved +1.0% over the past year and +0.1% over three years. At 2.0% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Carnegie: people, income and schools
Carnegie is home to around 17,909 people, and the area has been growing steadily, up about 7% over five years. At a median age of 36, it reads as broadly working-age, and families account for 59% of households.
The typical household income runs to around $98,000 a year (about $1,880 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 17.1 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
Families have 87 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Carnegie sits about 12 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 76 for walkability and 98 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 17,909
- +7% over 5yr
- Median age
- 36 years
- Median household income
- $98,000/yr
- Households renting
- 42%
- Family households
- 59%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 87
- avg ICSEA 1153
- Unemployment
- 4.2%
- Distance to CBD
- 12 km
- Walk score
- 76/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Carnegie
View all →Frequently asked questions about Carnegie
What should I check before investing in Carnegie?
Carnegie has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.9% gives a usable rent-to-price starting point. Walkability score of 76 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Carnegie?
The median property price in Carnegie, VIC 3163 is $1.7M for houses and $640K for units.
What rental yield does Carnegie show?
The gross rental yield in Carnegie is 2.9% for houses and 4.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Carnegie?
House prices in Carnegie are up 1.0% over the past year and up 0.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Carnegie?
The current vacancy rate in Carnegie is 2.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Carnegie?
Carnegie has a population of approximately 17,909 residents, with a median age of 36.
What schools are near Carnegie?
There are 87 schools within roughly 5km of Carnegie. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Carnegie affordable to buy in?
A median house in Carnegie costs about 17.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Carnegie's population growing?
The population of Carnegie has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Carnegie from the CBD?
Carnegie is about 12 km from the CBD.
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