Suburb Profile Report for Carramar WA (6031)

Carramar House: Median price $521,000, Annual capital growth 3.47%, Number of sales 102, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Carramar has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.23%

If we look at median property appreciation over just the last three months, Carramar has given property investors a paper return of -0.76%. This puts Suburb as 196 on a list of fastest fasting appreciating suburbs in WA

Carramar, 6031 is offering WA ‘s 338th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.

Often selling an investment property can take time, and in Carramar the average time real estate has been on the market is 83.24 days.

Carramar, 6031’s gross rental yield is 4.49%

John Mason Information supplied by:

John Mason
John Mason Real Estate

M
O (08) 9405 7148

W www.johnmasonrealestate.com.au
E john@johnmasonrealestate.com.au
Carramar is located right in the middle of the thriving City of Joondalup, and the City of Wanneroo - both being a short 10 minute drive away. It is also a short ten minute drive to the ocean at nearby Burns Beach.Full summary

Selling points: Carramar is located right in the middle of the thriving City of Joondalup, and the City of Wanneroo - both being a short 10 minute drive away. It is also a short ten minute drive to the ocean at nearby Burns Beach, and Carramar Estate has recently opened its own shopping centre.

Schools in Carramar are well sought after, best to get in early as there is a long waiting list. Flynn Drive Industrial Estate is currently undergoing development on the edge of Carramar; the advent of same means plenty of jobs will become available in the near future.

Most sought after properties: Currently; any property priced below $570,000 is in very big demand and as such are flying out the window, often attracting multiple offers. Properties priced above $650,000 tend to take a while to sell

I have recently sold the Tucker Shop Super Deli on the corner of Balladong Loop and Golf Links Drive (for the 3rd time in 12 years now). This time round we got a sale price of $715,000.

Most common properties: There is a restrictive covenant on the estate which means that all houses have to be up to a certain standard. Carramar is a private estate and as such there are no ‘Homes West’ rentals on the estate.

Top amenities:

  • A prestigious golf course
  • Well sought after school
  • Carramar Village Shopping Centre
  • Plenty of parks and open spaces
  • Close proximity to the beach
  • Close proximity to major shopping facilities
  • Close proximity to the freeway, the train station; and other public transport outlets

Local industry and businesses: Carramar is just a short ten minute drive away from Joondalup and Wanneroo. Both major cities north of Perth which house retail and manufacturing outlets, as does the nearby Wangara industrial Estate.

Flynn Drive industrial Estate is currently under construction. Same being located on the edge of Caramar and it is planned that this facility long-term will mirror the one at Wangara thereby providing jobs for local Carramar residents.

Recent changes: The golf course has come on in leaps and bounds; the course itself is in top class condition and there are now licensed premises and a cafeteria on the premises. Infrastructure has improved; we now have our own shopping centre, fast food outlets, medical centre and recreation centre. Plans are afoot to construct a new tavern/restaurant.

Best streets: On a personal level I prefer to live in the semi-rural area of Carramar (our office is located on a 5 acre block); said premises now sell for circa $1.3 M to $1.6 M.

Public transport: Public transport here is adequate. Buses are frequent and there is a regular bus-run to the nearby train station

Main arteries: The Mitchell Freeway is a short ten minute drive away, and the same offers a direct run into Perth, but should be avoided during peak traffic periods as it gets clogged both ways going north or south. Joondalup or Clarkson train stations are a mere ten minute drive away, same offer a direct route south in to the city of Perth.

Close
HOUSE UNIT
$521,000 N/A
-0.76% N/A
-1.23% N/A
3.47% N/A
$450 N/A
102 N/A
4.49% N/A
83.24 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in Carramar WA
Demographics
Total population 6605
Median household income ($/weekly) 1964
Median age of persons 32
Median housing loan repayment ($/monthly) 2297
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 555 8.4
    5-14 years 1245 18.9
    25-34 years 844 12.8
    35-44 years 1221 18.5
    45-54 years 957 14.5
    Others 1782 27.0
    Age Group
    Census Count Percent(%)
    Registered Married 2672 59.9
    Not Married 1367 30.6
    Defacto Relationship 423 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3127 49.5
    Papua New Guinea 245 3.9
    South Africa 281 4.4
    United Kingdom 2009 31.8
    Other 275 4.3
    Others 385 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 0.8
    Christianity 4298 70.3
    Hinduism 47 0.8
    Islam 68 1.1
    No Religion 1606 26.3
    Others 43 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 153 8.8
    $1,500-$1,999 300 17.3
    $2,000-$2,499 244 14.1
    $2,500-$2,999 266 15.4
    $3,000-$3,499 159 9.2
    Others 609 35.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2111 45.9
    Employed, worked part-time 1152 25.0
    Not in the labour force 968 21.0
    Employed, away from work 212 4.6
    Unemployed, looking for work 158 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 394 11.4
    Professionals 566 16.3
    Technicians & trades workers 694 20.0
    Community & personal service workers 384 11.1
    Clerical & administrative workers 587 16.9
    Others 844 24.3
    Occupation
    Census Count Percent(%)
    Pre-school 138 7.1
    Infants/Primary 846 43.5
    Secondary 557 28.7
    Technical or Further Educational Institution 131 6.7
    University or other Tertiary Institutions 242 12.5
    Others 29 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5934 94.5
    Semi-detached, row or terrace house, townhouse 340 5.4
    Improvised home, tent, sleepers out 3 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1304 66.6
    Fully owned 333 17.0
    Rented 314 16.0
    Other tenure type 8 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals