Suburb Profile Report for Carrara QLD (4211)

Carrara House: Median price $706,000, Annual capital growth 5.32%, Number of sales 239, Weekly median advertised rent $550

Carrara Unit: Median price $485,500, Annual capital growth 1.93%, Number of sales 174, Weekly median advertised rent $480

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Carrara is an average performer in QLD when comparing median price capital growth over the last year. Carrara gave property investors a average capital gain figure when compared to the rest of the state, with 13.87%.

If we look at median property appreciation over just the last three months, Carrara has given property investors a paper return of 5.37%. This puts Suburb as 314 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Carrara should be aiming for at least -4.88% off the asking price, which is the average vendor discount being achieved at the moment.

At number 840 in a list of fastest selling suburbs, Carrara is in the TOP 30% of suburbs in Australia with an average of days on market 39.9756 for properties listed there.

Situated 69.49km from the CBD, Carrara is one of Gold Coast (C) localities in the postcode 4211.

Investment property in Carrara has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.17%

Across a shorter period, Carrara, 4211 has seen a median price increase of 4.13% over the last 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 Carrara, 4211. Typically our figures indicate that -4.08% is being offered, which puts this QLD suburb at 509th most discounted overall in Australia.

Carrara is 227th on a list of best yielding suburbs for rents in QLD with a 5.14% return

YIP MAG Information supplied by:

May 2016


Pulling in the highest population growth figures in Queensland, the Gold Coast is increasingly drawing more buyers from the overpriced southern capitals, who find property values comparatively inexpensive.

Carrara, centrally located 15 minutes from the Southport CBD and popular dining and entertainment hotspots Surfers Paradise and Broadbeach, is one such suburb boasting a low median house price of $499,500 for its large blocks, leafy streets and luxury living.

New waterfront villas on the Nerang River are fetching half a million, while older-style detached homes on generous riverfront blocks are on the market for $850,000.

Units and townhouses away from the water are averaging above $300,000, many with potential for quick rejuvenation.

Carrara’s performance to date has been steady, achieving 12-month growth of 7.3% to January 2015 and a high rental return of 5.5% for houses and 6.3% for units.

It ranks 15th in Queensland on Real Estate Investar’s lowest vacancy rate list, at 1.14%, which tightened from 3% in January a year earlier.

While Carrara is convenient for access to the M1, which offers a direct route to Brisbane in an hour, or south to the NSW border in 30 minutes, properties located around Michelmore Drive bear the brunt of the road noise.

Properties east of Papas Way are in excellent proximity to amenities, quality schools and major roads, while avoiding the associated noise.
Metrics i HOUSE UNIT
$706,000 $485,500
5.37% 4.13%
13.87% 13.17%
5.32% 1.93%
$550 $480
239 174
4.05% 5.14%
39.9756097560976 51.7669902912621

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Carrara QLD
Total population 11568
Median household income ($/weekly) 1196
Median age of persons 38
Median housing loan repayment ($/monthly) 1950
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1357 11.7
    25-34 years 1596 13.8
    35-44 years 1640 14.2
    45-54 years 1695 14.6
    55-64 years 1490 12.9
    Others 3793 32.8
    Age Group
    Census Count Percent(%)
    Registered Married 4138 47.4
    Not Married 3620 41.5
    Defacto Relationship 972 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 7636 70.3
    Papua New Guinea 1101 10.1
    South Africa 154 1.4
    United Kingdom 724 6.7
    Other 395 3.6
    Others 859 7.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 174 1.7
    Christianity 7641 73.0
    Islam 58 0.6
    Other Religious Groups 49 0.5
    No Religion 2478 23.7
    Others 66 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 442 11.1
    $600-$799 418 10.5
    $1,250-$1,499 395 10.0
    $1,500-$1,999 571 14.4
    $2,000-$2,499 394 9.9
    Others 1748 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3507 39.3
    Not in the labour force 2737 30.7
    Employed, worked part-time 1932 21.6
    Unemployed, looking for work 434 4.9
    Employed, away from work 316 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 700 12.2
    Professionals 941 16.4
    Technicians & trades workers 849 14.8
    Clerical & administrative workers 874 15.2
    Sales 771 13.4
    Others 1617 28.1
    Census Count Percent(%)
    Pre-school 164 7.0
    Infants/Primary 892 37.9
    Secondary 614 26.1
    Technical or Further Educational Institution 207 8.8
    University or other Tertiary Institutions 400 17.0
    Others 76 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7174 65.6
    Semi-detached, row or terrace house, townhouse 2835 25.9
    Caravan, cabin, houseboat 509 4.7
    Flat, unit or apartment 412 3.8
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1739 40.3
    Rented 1399 32.5
    Fully owned 1158 26.9
    Other tenure type 14 0.3
    Tenure Type
Census 2011, ABS
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