AREA REPORTS

Carrum

 

 

VIC/
Carrum

Suburb Profile

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

house
unit

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 $831,250.

The upward trend in home prices in CARRUM, 3197 averaged 12.85% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 2.82% increase in returns based on the current median price in CARRUM.

An average of 5.75 real estate transactions take place per month in CARRUM which translates to 69 per annum.

69 properties were sold in CARRUM in 2016, making it the 114th most active market in VIC based on total real estate transactions.

CARRUM, 3197 places 216th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $831,250 $670,000
GROWTH REPORT
Median Quarterly 1.37% 0%
Median 12 month -0.51% 8.06%
Median 3 years 38.54% 28.6%
Median 5 years 51.48% 54.02%
10 years average annual 7.01% 6.47%
Weekly media advert. rent $450 $440
Time on Market 49.5 days 44.4 days
Gross Rental Yield Percent 2.82% 3.41%
demographics (median values)
Total Population
3373
Weekly Household Income
876.7
Household Size
2.10
demographics
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