Suburb Profile Report for Carrum Downs VIC (3201)

Carrum Downs House: Median price $511,750, Annual capital growth 7.69%, Number of sales 340, Weekly median advertised rent $370

Carrum Downs Unit: Median price $379,200, Annual capital growth 4.98%, Number of sales 144, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Carrum Downs, 3201 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 23.31%

The five-year average increase in median property values for Carrum Downs,3201 has given property investors a potential capital gain of 53.68% across each of those five years.

Property buyers and investors in Carrum Downs 3201 should be seeing an average reduction in asking price of around -1.49% . This means that Carrum Downs is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 28.33 sales per month, which equates to 340 per year.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

Over the last year, property investments in Carrum Downs, 3201 have given investors a capital gain of 11.86%. This compares favourably with the 6.72% for VIC as a whole.

Across a shorter period, Carrum Downs, 3201 has seen a median price increase of 3.32% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.36% offered to property buyers. Sellers in Carrum Downs itself are offering an average vendor discount of -1.13% to real estate investors.

Metrics i HOUSE UNIT
$511,750 $379,200
6.33% 3.32%
23.31% 11.86%
7.69% 4.98%
$370 $340
340 144
3.76% 4.66%
6.26 14.4

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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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