Suburb Profile Report for Carrum VIC (3197)

Carrum House: Median price $687,000, Annual capital growth 8.68%, Number of sales 50, Weekly median advertised rent $405

Carrum Unit: Median price $520,000, Annual capital growth 7.02%, Number of sales 80, Weekly median advertised rent $368

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 23.23% for the last 12 months, Carrum, 3197 has performed for property investments than its average annual 8.68% property growth over the last 5 years.

The five-year average increase in median property values for Carrum,3197 has given property investors a potential capital gain of 33.14% across each of those five years.

Property investors looking for a bargain in Carrum should be aiming for at least -3.22% off the asking price, which is the average vendor discount being achieved at the moment.

Over the last year, property investments in Carrum, 3197 have given investors a capital gain of 0.97%. This compares badly with the 3.63% for VIC as a whole.

While Carrum,3197 ranked number 109th in VIC for increase in median house value (annualised) increase, it is ranked 97th over the last 5 years.

Sellers are offering property buyers an average discount of -4.08% to buyers in Carrum at the moment, which is less than average for the rest of VIC.

Property investors should expect to get $367.5 weekly from the median priced house in this suburb.

HOUSE UNIT
$687,000 $520,000
9.05% 1.76%
23.23% 0.97%
8.68% 7.02%
$405 $368
50 80
3.07% 3.68%
76.3 57

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
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Recent sales & rentals