The median price for real estate in the Carnegie suburb of Melbourne was A$490,000 as of November 2006, and the long term property value trend for Carnegie real estate was 10.5% growth.

Carnegie was developed in stages from the 1880s to the 1950s. Early development was focussed around the railway line which opened in 1879. Around the turn of the 20th Century, housing estates were being opened around the railway line.

The opening of the tramline to Koornang Road in 1927 encouraged real estate development in the southern areas of the suburb which continued through to the post war period. Many of the original larger real estate lots of Carnegie were redeveloped for flats and units in the 1960s.

Major features of Carnegie include the Koornang Road shopping area, Caulfield Swim Centre, Koornang and Packer Parks. Carnegie experienced an increase in population between 1996 and 2001, a result of the addition of new houses in existing areas and an increase in the average number of persons living in each home.

If you would like to speak to an expert Carnegie real estate agent contact one of the Gary Peer Carnegie property experts listed on this website.