Carnegie
Suburb profile, market snapshot and recent listings for Carnegie, VIC 3163.
About Carnegie
Welcome to Carnegie
Carnegie sits in Melbourne's inner south-east, about 13 kilometres from the CBD, sandwiched comfortably between Malvern East, Murrumbeena, Glen Huntly, Caulfield East and Hughesdale. It's the kind of suburb that quietly does a lot right: a busy village shopping strip, a direct rail line into the city, and a housing mix that ranges from Edwardian weatherboards to sleek new apartment developments.
With a population of 17,909 and a median age of 36, Carnegie has become a magnet for young professionals, couples and families who want inner-city convenience without inner-city prices — though, as the numbers below show, that affordability edge has narrowed considerably in recent years.
Lifestyle & dining
Carnegie Road and Koornang Road form the suburb's commercial heart, lined with cafes, bakeries, bars and a strong showing of Asian grocers and restaurants that reflect the area's diverse community. It's an unpretentious strip — good coffee, reliable Vietnamese and Chinese eateries, and a steady stream of locals rather than a destination crowd, which is exactly its appeal. The pace picks up in the evenings when the strip's bars and restaurants fill with residents from the surrounding streets and neighbouring Murrumbeena and Hughesdale.
Shopping
Beyond the day-to-day convenience of the Koornang Road shops, Carnegie residents are close to the bigger retail pull of Chadstone Shopping Centre, just a short drive or bus ride away via Malvern East. Locally, the mix of independent grocers, specialty food stores and everyday retailers means most errands can be run on foot, while Glen Huntly's shopping strip offers a further option nearby.
Getting around
Carnegie railway station, on the Pakenham line, puts the CBD within easy reach and connects through to Malvern East, Hughesdale and Murrumbeena stations along the same corridor. Tram and bus routes supplement the rail service, and the suburb's flat, grid-like streets make it easy to cycle or walk to the shops, station or nearby parks. Access to the Monash Freeway is also straightforward, useful for those commuting beyond the inner south-east or heading toward Chadstone and the eastern suburbs.
Schools & families
Carnegie Primary School anchors the suburb's family appeal, giving local children a well-regarded option within walking distance for many households. The broader area benefits from the school options in neighbouring Malvern East and Caulfield East, and Carnegie's mix of period homes and family-sized townhouses continues to draw parents keen to stay close to the city without sacrificing garden space.
The property market
Carnegie's property market reflects its inner-south-east desirability, with a median house price of $1.40 million and recent growth of 1.5 per cent. Units and apartments remain a considerably more accessible entry point at a median of $655,000, which suits the current listing mix — 57 per cent apartments or units, 21 per cent townhouses, 21 per cent houses and a negligible 1 per cent vacant land. That skew toward higher-density stock says a lot about how Carnegie has evolved, with plenty of new apartment and townhouse development alongside its original weatherboard and brick housing stock.
Renters can expect a median asking rent of around $800 a week, reflecting solid demand from the suburb's younger, professional-leaning population. For buyers priced out of neighbouring Malvern East, Carnegie's unit and townhouse market in particular offers a comparatively achievable way into the inner south-east.
Market snapshot
Carnegie property market
Median sale price
$1.40m
House · 3 bed
Median rent
$800
per week
Gross rental yield
3.0%
annual rent ÷ sale price
Typical price range
Entry
$996k
Median
$1.40m
Premium
$1.94m
Days on market
43
Auction clearance
72%
Sold this year
63
Median sold price trend · House 3 bed
Compound growth -1.4% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Carnegie by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Carnegie, VIC 3163.
Population
17,909
residents (2021)
Median age
36
years
Household income
$1,878
median, per week
Median rent
$395
per week
Median mortgage
$2,040
per month
Mortgage / income
25%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Carnegie
Government school catchment
Recent results
Recently sold in Carnegie
$1.88m
7 Newman Avenue
Sold ~July 2026
$999k
5/45 Kokaribb Road
Sold ~July 2026
$1.20m
6/45 Kokaribb Road
Sold ~July 2026
$1.40m
1/16 Neville Street
Sold ~July 2026
$663k
1/16 Shepparson Avenue
Sold ~July 2026
$455k
203/1298 Glen Huntly Road
Sold ~July 2026
$280k
1/50 Tranmere Avenue
Sold ~July 2026
$846k
4/39-41 Mimosa Road
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Carnegie
Compare the area
Price map around Carnegie
Every listing for sale near Carnegie, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Carnegie suburb FAQ
What is the median property price in Carnegie?
The median unit price in Carnegie, VIC is $655k for a 2-bedroom home. Over the past year, median sold prices have risen about 4.0%.
How much is rent in Carnegie?
The median weekly rent in Carnegie is around $620 per week.
Is Carnegie a good place to live?
Carnegie is an established residential suburb in VIC, with a population of around 17,909 and 1 school in the area.
What is the population of Carnegie?
Carnegie has a population of 17,909 (ABS 2021 Census), with a median age of 36.
What schools are in Carnegie?
There is 1 school in or near Carnegie, including Carnegie Primary School.
How long do homes take to sell in Carnegie?
Properties in Carnegie take around 44 days to sell on average, with an auction clearance rate of about 74%.
How much do you need to buy in Carnegie?
Entry-level properties in Carnegie start around $420k, while premium homes reach $964k.
What suburbs are near Carnegie?
Suburbs near Carnegie include Murrumbeena, Malvern East, Glen Huntly, Caulfield East and Hughesdale.
Fresh to market
New this week in Carnegie
Fresh & Modern Spaces with Superb Alfresco
A sweet renovation of Art Deco bliss
Light-filled living, entertainer's courtyard
Light-Filled Living with Contemporary Style and Convenience
Available now