AREA REPORTS

Carramar

NSW/
Carramar

Suburb Profile

Carramar - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2163

house
unit

Property investments in CARRAMAR did not fare well against the rest of the country last year, registering a median home price decrease of 0.74%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CARRAMAR, 2163 saw average growth in the long term.

Real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 50.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $752,500.

CARRAMAR ranks 788th on the list of best yielding suburbs for rental properties in NSW, posting a 3.11% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $752,500 $355,000
GROWTH REPORT
Median Quarterly 0.33% -8.97%
Median 12 month 0.74% -2.74%
Median 3 years 29.74% 14.52%
Median 5 years 85.8% 59.19%
10 years average annual 10.86% 9.47%
Weekly media advert. rent $450 $320
Time on Market 50.4 days 74.6 days
Gross Rental Yield Percent 3.11% 4.69%
demographics (median values)
Total Population
2962
Weekly Household Income
625.5
Household Size
2.40
demographics
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