Suburb Profile Report for Carrum Downs VIC (3201)

Carrum Downs House: Median price $539,000, Annual capital growth 7.06%, Number of sales 261, Weekly median advertised rent $388

Carrum Downs Unit: Median price $425,000, Annual capital growth 5.18%, Number of sales 100, Weekly median advertised rent $370

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Carrum Downs, 3201 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.44%

If we look at median property appreciation over just the last three months, Carrum Downs has given property investors a paper return of -2.00%. This puts Suburb as 512 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Carrum Downs is giving property investors an average Vendor Discount of around -7.03%. This puts suburb at number 249th in VIC when ranking the most discounted suburbs.

Residents and property investors in Carrum Downs have been waiting around 49.9673 days to sell a property.

Renters in Suburb are facing rents around $20150 per annum or $387.5 every week.

VIC has seen average median house prices change by 0.68% which means that Carrum Downs, 3201 has done well for property investors by showing a capital gain of -1.61% over the last year

Carrum Downs,3201 has offered an average of -1.61% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Carrum Downs are currently offering property investors an average price cut of -8.30% below the asking price at the moment.

Carrum Downs is 124th on a list of best yielding suburbs for rents in VIC with a 4.53% return

Metrics i HOUSE UNIT
$539,000 $425,000
-2.00% -1.16%
-5.44% -1.61%
7.06% 5.18%
$388 $370
261 100
3.74% 4.53%
49.9672897196262 63.962962962963

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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