Real Estate Carnegie

Yes, definitely! Carnegie is actually a very family-focused suburb with great schools, such as Koornang Park and the Carnegie Swim Centre. It’s only 12 kilometres south-east of Melbourne’s CBD and has experienced good growth and development over the years, making it a more desirable option for families with children.

The most desirable streets are those that are situated nearer to the train station and the lively Koornang Road dining precinct, from Dandenong Road to Neerim Road. Streets that are near good schools and parks, especially around the Koornang Park precinct between Koornang Road, Munro Avenue and Lyons Street, are also top choices for families.

Melbourne’s property market is showing a more positive outlook in 2025 following interest rate cuts, though Carnegie’s unit market has experienced annual capital growth of -1.86% recently. The market is stabilising after the challenging 2024 period, with properties spending around 45 days on the market on average.

House values in Carnegie have remained relatively level but are starting to show signs of recovery as Melbourne’s overall market situation strengthens during 2025. Although there was some weakening in 2024, the fact that it is close to Monash University and has great transport connections continues to sustain property prices in the locality.

The median price for Carnegie units is about $660,000, whereas house prices are varied depending on size and location within the suburb. The suburb has a good range of housing types, including classic period homes as well as newer developments, so prices can be quite varied.

Carnegie Primary School is the local government school serving the area, and the suburb has access to quality schools throughout the Glen Eira area. The proximity to Monash University also makes it attractive to students, with several excellent secondary schools within easy reach.

House prices in Carnegie vary considerably depending on the property type and location within the suburb. You’ll find everything from older style housing and period homes to areas that have seen major redevelopment, so there’s something to suit different budgets and preferences.

Yes, Carnegie is considered a safe suburb for families. Local residents confirm that it’s entirely safe, with any security concerns being no different from elsewhere in Melbourne, and it’s widely regarded as a “safe” suburb with a strong community feel.

Carnegie has fantastic public transport connections! The suburb is served by train, tram and bus lines, with a train line north of the suburb and Glen Huntly Road providing excellent access to the city, nearby beaches, and universities.

Carnegie offers solid investment potential thanks to its proximity to Monash University, which makes it attractive to students, and its excellent transport links. The good transport connections to the city, nearby Monash Caulfield campus, and shopping centres like Chadstone make it appealing to a diverse range of tenants.

Carnegie’s popularity stems from its perfect combination of lifestyle and convenience. The suburb’s main shopping precinct is a well-regarded “eat street,” with cafes and restaurants lining Koornang Road, while its vibrant shopping centre around the railway station and excellent transport links make it incredibly liveable for both families and young professionals.