Suburb Profile Report for Carrum Downs VIC (3201)

Carrum Downs House: Median price $540,000, Annual capital growth 6.20%, Number of sales 303, Weekly median advertised rent $395

Carrum Downs Unit: Median price $440,000, Annual capital growth 5.13%, Number of sales 126, Weekly median advertised rent $370

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • 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 somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -4.85%.

Comparing Carrum Downs,3201 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Carrum Downs3201 is located in VIC which offers an average discount of -6.51% to property investors. Carrum Downs itself is showing figures that indicate -6.36% is the average achievable by property buyers investing in the suburb.

At number 176 in a list of fastest selling suburbs, Carrum Downs is in the TOP 10% of suburbs in Australia with an average of days on market 42.0862 for properties listed there.

Advertised rents are around the $395 mark per week – giving a return of 3.80% based on the median price in Suburb

Property investors who have had real estate in Carrum Downs, 3201 should be ok 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 1.14%

While Carrum Downs,3201 ranked number 115th in VIC for increase in median house value (annualised) increase, it is ranked 60th over the last 5 years.

Vendor discounting in Carrum Downs is giving property investors an average Vendor Discount of around -7.10%. This puts suburb at number 52th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $19240 per annum or $370 every week.

Metrics i HOUSE UNIT
$540,000 $440,000
0.37% 2.33%
-4.85% 1.14%
6.20% 5.13%
$395 $370
303 126
3.80% 4.37%
42.0862068965517 54.6276595744681

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), 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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