Suburb Profile Report for Carramar NSW (2163)

Carramar House: Median price $767,500, Annual capital growth 10.99%, Number of sales 22, Weekly median advertised rent $420

Carramar Unit: Median price $365,000, Annual capital growth 8.83%, Number of sales 38, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Carramar have tracked close to the NSW average of 9.74% over the last 12 months.

Comparing Carramar,2163 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Carramar should be aiming for at least -7.75% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 21.61km from the CBD, Carramar is one of Fairfield localities in the postcode 2163.

Carramar is in the bottom 30% in NSW when comparing median price capital growth over the last year. Carramar gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.54%.

While Carramar,2163 ranked number 318th in NSW for increase in median house value (annualised) increase, it is ranked 154th over the last 5 years.

Sellers are offering property buyers an average discount of -4.98% to buyers in Carramar at the moment, which is less than average for the rest of NSW.

With the median price for a house in Carramar being $365000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.56%

Metrics i HOUSE UNIT
$767,500 $365,000
15.41% 1.39%
9.53% -0.54%
10.99% 8.83%
$420 $320
22 38
2.85% 4.56%
55 65.17

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3431
Median household income ($/weekly) 764
Median age of persons 37
Median housing loan repayment ($/monthly) 1300
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 415 12.1
    25-34 years 457 13.3
    35-44 years 505 14.7
    45-54 years 468 13.6
    55-64 years 356 10.4
    Others 1231 35.9
    Age Group
    Census Count Percent(%)
    Not Married 1208 51.2
    Registered Married 1061 45.0
    Defacto Relationship 90 3.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1343 42.5
    Croatia 132 4.2
    Ireland 96 3.0
    Viet Nam 444 14.1
    Other 493 15.6
    Others 651 20.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 578 18.4
    Christianity 1750 55.8
    Hinduism 51 1.6
    Islam 425 13.5
    No Religion 309 9.8
    Others 26 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 109 10.6
    $400-$599 167 16.2
    $600-$799 150 14.6
    $800-$999 119 11.6
    $1,000-$1,249 102 9.9
    Others 382 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1238 49.7
    Employed, worked full-time 720 28.9
    Employed, worked part-time 321 12.9
    Unemployed, looking for work 145 5.8
    Employed, away from work 69 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 135 12.1
    Technicians & trades workers 164 14.7
    Clerical & administrative workers 133 11.9
    Machinery operators & drivers 178 16.0
    Labourers 197 17.7
    Others 306 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.6
    Infants/Primary 234 32.7
    Secondary 186 26.0
    Technical or Further Educational Institution 97 13.5
    University or other Tertiary Institutions 116 16.2
    Others 36 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1543 50.0
    Flat, unit or apartment 1288 41.7
    Semi-detached, row or terrace house, townhouse 244 7.9
    House or flat attached to a shop, office 11 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 518 46.6
    Being purchased 314 28.2
    Fully owned 277 24.9
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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