Carnegie sits at the intersection of inner-southeast lifestyle appeal and Monash University rental demand. The Koornang Road village creates a strong lifestyle anchor, while tram access to the CBD and Monash proximity drive consistent tenant demand at tight vacancy rates.
Carnegie Rental Yield by Property Type
| Property Type | Median Price | Median Weekly Rent | Gross Yield | Net Yield (est.) |
|---|---|---|---|---|
| House (3-4BR) | $1.42M | $710/week | 2.6% | 1.9% |
| Townhouse (3BR) | $975k | $610/week | 3.3% | 2.5% |
| Unit (2BR) | $615k | $490/week | 4.1% | 3.2% |
| Apartment (1BR) | $420k | $365/week | 4.5% | 3.4% |
Vacancy Rate and Market Conditions
Carnegie sits at 1.6% vacancy — below Melbourne average. The combination of Koornang Road village appeal, good schools and Monash proximity creates multi-demographic tenant demand that keeps vacancy low even in a softer rental market.
Access off-market investment properties in Carnegie: collings.com.au/portal
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