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AREA REPORTS

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 $782,500.

The downward trend in home prices in CARRUM, 3197 averaged -0.73% per annum over a 3-year period.

Average weekly rents on listings have reached the $422.5 mark, reflecting a 2.81% increase in returns based on the current median price in CARRUM.

An average of 3.33 real estate transactions take place per month in CARRUM which translates to 40 per annum.

40 properties were sold in CARRUM in 2016, making it the 254th most active market in VIC based on total real estate transactions.

CARRUM, 3197 places 454th 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 $782,500 $630,000
GROWTH REPORT
Median Quarterly 0.32% 0%
Median 12 month 2.42% -11.52%
Median 3 years -2.19% 10.62%
Median 5 years 46% 26%
10 years average annual 6.65% 5.14%
Weekly media advert. rent $422.5 $425
Time on Market 82.6 days 47.8 days
Gross Rental Yield Percent 2.81% 3.51%
demographics (median values)
Total Population
3373
Weekly Household Income
876.7
Household Size
2.10
demographics
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