VIC/
Carrum

Suburb Profile

Carrum - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3197

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CARRUM, 3197 ranks 1909th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 5.94% for property investors.

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

The suburb 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 $825,000.

The upward trend in home prices in CARRUM, 3197 averaged 17.78% per annum over a 3-year period.

Average weekly rents on listings have reached the $395 mark, reflecting a 2.49% increase in returns based on the current median price in CARRUM.

An average of 4.58 real estate transactions take place per month in CARRUM which translates to 55 per annum.

55 properties were sold in CARRUM in 2016, making it the 151st most active market in VIC based on total real estate transactions.

CARRUM, 3197 places 509th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $825,000 $650,000
GROWTH REPORT
Median Quarterly -0.3% 4.84%
Median 12 month 5.94% 18.18%
Median 3 years 53.35% 34.02%
Median 5 years 68.37% 58.54%
10 years average annual 7.45% 6.33%
Weekly media advert. rent $395 $417.5
Time on Market 43.6 days 55.0 days
Gross Rental Yield Percent 2.49% 3.34%
demographics (median values)
Total Population
3373
Weekly Household Income
876.7
Household Size
2.10
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Carrum, VIC
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