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 1.38%.
Taking the average capital gain, or increase in median house value, Carramar,2163 has racked up an average of 1.38% over the period. This ranks it number 529th in the whole country for real estate investors looking at median house price increases.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.14%, without taking into account capital value appreciation, which has been averaging out at 8.74%.
Property value increases in Carramar have tracked just higher than the NSW average of 5.41% over the last 12 months.
A 63.64% growth in median value for property investors in Carramar,2163 puts this suburb at number 499th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -5.48% to buyers in Carramar at the moment, which is less than average for the rest of NSW.
At number 711 in a list of fastest selling suburbs, Carramar is just in the top half of suburbs in Australia with an average of days on market 76.34 for properties listed there.
The NSW suburb of Carramar, 2163 is in the Fairfield local government area.