The median house price in Carnegie is approximately $1.38M in 2026. The median unit price is $595,000. Carnegie is one of Melbourne’s inner-southeast value suburbs, offering better affordability than Caulfield with similar infrastructure and lifestyle credentials.
Carnegie Median Price History
| Year | Median House Price | Median Unit Price | Annual Change |
|---|---|---|---|
| 2021 | $1.12M | $510,000 | +9.8% |
| 2022 | $1.19M | $535,000 | +6.3% |
| 2023 | $1.26M | $558,000 | +5.9% |
| 2024 | $1.31M | $573,000 | +3.8% |
| 2025 | $1.38M | $595,000 | +5.1% |
What Drives Carnegie Property Prices?
Carnegie’s median house price is driven by its level crossing removal (complete), Koornang Road village lifestyle, school zone access and position on the Frankston Line rail corridor. The suburb is part of the Monash Precinct Structure Plan, flagging significant long-term investment in the broader area.
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Frequently Asked Questions
What is the median house price in Carnegie in 2026?
The median house price in Carnegie is approximately $1.38M in 2026.
Is Carnegie cheaper than Caulfield?
Yes. Carnegie’s median house price ($1.38M) is approximately $340,000 less than Caulfield ($1.72M), with similar infrastructure and school access.
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