Carrara

POSTAL CODE: QLD, 4211
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A steady increase in median property prices over a five-year period in the suburb translates to a 29.47% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,230,000

The augmented property values in the suburb are trailing behind the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $905.

Home owners selling their properties and realtors in CARRARA usually have to wait an average of 32.6 days days before their assets are lifted off the market.

The QLD suburb ranks 368th on the list of best yielding suburbs for rental properties in QLD, posting a 3.83% return.

It also places places 467th in Australia based on median property value growth during the quarter.

Surburb overview

Carrara is a suburb on the Gold Coast, Queensland, Australia. It lies approximately 74.4 kilometres south-southeast of Brisbane's central business district and about 8.8 kilometres west-southwest of Surfers Paradise.

As of the 2021 census, Carrara had a population of 13,138 residents. The suburb has experienced steady growth over the past decade, with the population increasing from 11,569 in 2011 to 12,060 in 2016. The predominant age group in Carrara is 50-59 years.

Public transportation in Carrara is limited, leading to a heavy reliance on private vehicles for commuting. Residents have noted the scarcity of public transport options within the suburb.

Carrara offers its residents a variety of essential establishments. The suburb features shopping centres with major supermarkets, pharmacies, and specialty shops. Dining options range from casual eateries to family-friendly restaurants. Educational facilities include Emmanuel College, which offers primary and secondary education.

Recreational activities are plentiful in Carrara. The suburb is home to the Carrara Sports Precinct, which includes Carrara Stadium, also known as People First Stadium. This venue hosts Australian rules football matches and cricket games and serves as the home ground for the Gold Coast Suns AFL team. Additionally, numerous parks with playgrounds, sports fields, and walking tracks encourage outdoor activities. The proximity to natural reserves and bushland areas provides opportunities for nature exploration and leisure.

In terms of property, Carrara has experienced growth in recent years. The median sale price for houses is approximately $1,150,000, reflecting a 23.86% increase over the past 12 months. Rental yields for houses stand at 4.32%, with an average median rent of $858 per week.

Carrara presents a balanced suburban lifestyle, combining accessibility to urban centres with local amenities and recreational options. Its family-friendly environment and ongoing development contribute to its appeal within the Gold Coast region.

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