Suburb Profile Report for Carramar NSW (2163)

Carramar House: Median price $682,500, Annual capital growth 9.43%, Number of sales 22, Weekly median advertised rent $400

Carramar Unit: Median price $355,000, Annual capital growth 8.51%, Number of sales 39, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Carramar, 2163 have given investors a capital gain of -3.23%. This compares very badly with the 8.26% for NSW as a whole.

Carramar,2163 was ranked 1426 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Carramar, 2163. Typically our figures indicate that -9.11% is being offered, which puts this NSW suburb at 519th most discounted overall in Australia.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 9.43%, investors should hope to achieve an overall return of 3.05%

Over the last year, property investments in Carramar, 2163 have given investors a capital gain of -3.66%. This compares very badly with the 6.07% for NSW as a whole.

If we look at median property appreciation over just the last three months, Carramar has given property investors a paper return of -1.39%. This puts Suburb as 470 on a list of fastest fasting appreciating suburbs in NSW

Property buyers and investors in Carramar 2163 should be seeing an average reduction in asking price of around -5.28% . This means that Carramar is holding prices well when compared to other suburbs in NSW.

In the last year 39 properties changed hands in Carramar, which puts it as the 324th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3840 per annum or $320 every week.

Metrics i HOUSE UNIT
$682,500 $355,000
2.79% -1.39%
-3.23% -3.66%
9.43% 8.51%
$400 $320
22 39
3.05% 4.69%
75.4 71.6

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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Recent sales & rentals