Carnegie is Melbourne's most vibrant mid-south suburb — a busy, multicultural community where Koornang Road's outstanding Vietnamese–Chinese–Australian café and restaurant strip, direct Frankston train access to CBD in 22 minutes, and consistent demand from Caulfield, Ormond, and Murrumbeena buyers generate Melbourne's strongest south-eastern middle-ring capital growth. Carnegie's proximity to Monash University Caulfield campus creates sustained student rental demand, and its improving amenity as the suburb gentrifies from a busy commercial area to premium residential creates increasing price momentum. At the current $1.1m median house price, an 80% loan at 6.25% over 30 years is about $5,418 per month.
| Median house price | $1,100,000 |
|---|---|
| Median unit price | $660,000 |
| Estimated monthly repayment | $5,418 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6.5% |
| Gross rental yield | 3.8% |
| Typical days on market | 14 |
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