Suburb Profile Report for Carrum VIC (3197)

Carrum House: Median price $707,500, Annual capital growth 8.67%, Number of sales 54, Weekly median advertised rent $420

Carrum Unit: Median price $540,000, Annual capital growth 7.76%, Number of sales 71, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Carrum, 3197 have given investors a capital gain of 14.85%. This compares very favourably with the 8.12% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Carrum,3197 has racked up an average of 14.85% over the period. This ranks it number 666th in the whole country for real estate investors looking at median house price increases.

Carrum3197 is located in VIC which offers an average discount of -6.00% to property investors. Carrum itself is showing figures that indicate -3.99% is the average achievable by property buyers investing in the suburb.

At number 935 in a list of fastest selling suburbs, Carrum is in the TOP 30% of suburbs in Australia with an average of days on market 61.1 for properties listed there.

With the median price for a house in Carrum being $707500 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.09%

Carrum, 3197 ranked 103th in VIC when comparing growth in median property values or capital gain over the last 12 months. Carrum is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Carrum,3197 has racked up an average of 8.00% over the period. This ranks it number 653th in the whole country for real estate investors looking at median house price increases.

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 Carrum, 3197. Typically our figures indicate that -1.68% is being offered, which puts this VIC suburb at 1448th most discounted overall in Australia.

In the last year 71 properties changed hands in Carrum, which puts it as the 123th most active market in VIC when comparing the number of sales per suburb.

Carrum is 264th on a list of best yielding suburbs for rents in VIC with a 3.71% return

HOUSE UNIT
$707,500 $540,000
-2.41% 1.89%
14.85% 8.00%
8.67% 7.76%
$420 $385
54 71
3.09% 3.71%
61.1 41.13

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 3602
Median household income ($/weekly) 1140
Median age of persons 38
Median housing loan repayment ($/monthly) 1738
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 338 9.4
    25-34 years 579 16.1
    35-44 years 573 15.9
    45-54 years 501 13.9
    55-64 years 446 12.4
    Others 1165 32.3
    Age Group
    Census Count Percent(%)
    Not Married 1274 46.5
    Registered Married 1107 40.4
    Defacto Relationship 359 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2619 77.7
    Japan 24 0.7
    Papua New Guinea 90 2.7
    United Kingdom 234 6.9
    Other 130 3.9
    Others 275 8.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 1.5
    Christianity 1992 62.6
    Islam 20 0.6
    Other Religious Groups 35 1.1
    No Religion 1069 33.6
    Others 17 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 140 10.2
    $600-$799 129 9.4
    $1,000-$1,249 125 9.1
    $1,500-$1,999 169 12.3
    $2,000-$2,499 147 10.7
    Others 663 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1183 42.1
    Not in the labour force 903 32.1
    Employed, worked part-time 514 18.3
    Employed, away from work 107 3.8
    Unemployed, looking for work 104 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 203 11.3
    Professionals 346 19.2
    Technicians & trades workers 323 17.9
    Community & personal service workers 178 9.9
    Clerical & administrative workers 288 16.0
    Others 465 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 52 8.0
    Infants/Primary 208 31.9
    Secondary 177 27.1
    Technical or Further Educational Institution 71 10.9
    University or other Tertiary Institutions 108 16.5
    Others 37 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2195 65.4
    Semi-detached, row or terrace house, townhouse 714 21.3
    Flat, unit or apartment 432 12.9
    House or flat attached to a shop, office 12 0.4
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 525 35.4
    Rented 504 34.0
    Fully owned 445 30.0
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals