Suburb Profile Report for Carrum Downs VIC (3201)

Carrum Downs House: Median price $407,500, Annual capital growth 5.81%, Number of sales 342, Weekly median advertised rent $350

Carrum Downs Unit: Median price $330,000, Annual capital growth 3.10%, Number of sales 147, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Carrum Downs, 3201 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.96%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Carrum Downs has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -2.85% to buyers in Carrum Downs at the moment, which is less than average for the rest of VIC.

Carrum Downs, 3201’s gross rental yield is 4.47%

At number 635th in the list of Australian suburbs ordered by increase in median house value over the last year, Carrum Downs, 3201 is in the top 40% with a property value increase of 5.60% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Carrum Downs comes in at number 236th in VIC.

Vendor discounting in Carrum Downs is giving property investors an average Vendor Discount of around -2.60%. This puts suburb at number 302th in VIC when ranking the most discounted suburbs.

Residents and property investors in Carrum Downs have been waiting around 42.32 days to sell a property.

With the median price for a house in Carrum Downs being $330000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.20%

HOUSE UNIT
$407,500 $330,000
5.09% 0.02%
12.96% 5.60%
5.81% 3.10%
$350 $330
342 147
4.47% 5.20%
31.77 42.32

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 19122
Median household income ($/weekly) 1183
Median age of persons 34
Median housing loan repayment ($/monthly) 1600
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2572 13.5
    25-34 years 3070 16.1
    35-44 years 3023 15.8
    45-54 years 2616 13.7
    55-64 years 1709 8.9
    Others 6132 32.1
    Age Group
    Census Count Percent(%)
    Not Married 6023 44.8
    Registered Married 5721 42.5
    Defacto Relationship 1704 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 13351 74.8
    Indonesia 415 2.3
    Papua New Guinea 524 2.9
    United Kingdom 1065 6.0
    Other 756 4.2
    Others 1742 9.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 294 1.7
    Christianity 10640 62.9
    Hinduism 483 2.9
    Islam 295 1.7
    No Religion 5051 29.9
    Others 151 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 631 10.4
    $1,000-$1,249 767 12.7
    $1,250-$1,499 660 10.9
    $1,500-$1,999 998 16.5
    $2,000-$2,499 614 10.2
    Others 2370 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6175 43.9
    Not in the labour force 4309 30.6
    Employed, worked part-time 2497 17.8
    Unemployed, looking for work 558 4.0
    Employed, away from work 523 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1777 19.3
    Clerical & administrative workers 1381 15.0
    Sales 1007 10.9
    Machinery operators & drivers 1023 11.1
    Labourers 1119 12.2
    Others 2891 31.4
    Occupation
    Census Count Percent(%)
    Pre-school 362 8.5
    Infants/Primary 1551 36.6
    Secondary 1294 30.5
    Technical or Further Educational Institution 482 11.4
    University or other Tertiary Institutions 369 8.7
    Others 183 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15672 89.2
    Semi-detached, row or terrace house, townhouse 1098 6.2
    Flat, unit or apartment 552 3.1
    Caravan, cabin, houseboat 244 1.4
    House or flat attached to a shop, office 6 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3439 52.6
    Rented 1772 27.1
    Fully owned 1288 19.7
    Other tenure type 41 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals