Suburb Profile Report for Carrum VIC (3197)

Carrum House: Median price $783,750, Annual capital growth 6.52%, Number of sales 69, Weekly median advertised rent $450

Carrum Unit: Median price $664,000, Annual capital growth 7.08%, Number of sales 36, Weekly median advertised rent $435

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

With a capital gain of 0.00% for the last 12 months, Carrum, 3197 has performed for property investments than its average annual 6.81% 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 53.85% across each of those five years.

Carrum3197 is located in VIC which offers an average discount of -6.20% to property investors. Carrum itself is showing figures that indicate -7.18% is the average achievable by property buyers investing in the suburb.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.84%, without taking into account capital value appreciation, which has been averaging out at 6.81%.

Carrum is in the TOP 30% in VIC when comparing median price capital growth over the last year. Carrum gave property investors a good capital gain figure when compared to the rest of the state, with 10.22%.

Over the longer term, Carrum has seen property prices show investors a 26.42% return over the last 3 years. This is worse than over the last 12 months

Carrum, 3197 is offering VIC ‘s 287th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

At number 885 in a list of fastest selling suburbs, Carrum is just in the bottom half of suburbs in Australia with an average of days on market 79.25 for properties listed there.

Metrics i HOUSE UNIT
$783,750 $664,000
-4.71% -3.49%
-7.36% 7.10%
6.52% 7.08%
$450 $435
69 36
2.99% 3.41%
46.951218 48.92

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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
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