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Carrum

POSTAL CODE: VIC, 3197
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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 $1,110,500.

The upward trend in home prices in CARRUM, 3197 averaged 6.43% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 3.04% increase in returns based on the current median price in CARRUM.

An average of 3 real estate transactions take place per month in CARRUM which translates to 36 per annum.

36 properties were sold in CARRUM in 2016, making it the 280th most active market in VIC based on total real estate transactions.

CARRUM, 3197 places 565th in Australia based on median property value growth during the quarter.

Surburb overview

Carrum is a coastal suburb in Melbourne, located about 33 kilometres south-east of the central business district within the City of Kingston. It is positioned at the mouth of the Patterson River, where the river meets Port Phillip, giving the suburb a distinct relationship with both coastal and waterway environments.

Carrum has a population of approximately 3,500 residents, with a mix of long-term locals, families and newer residents attracted to its waterfront setting. Housing consists primarily of detached dwellings, with some townhouse developments and low-rise apartments reflecting gradual urban change.

Public transport in Carrum is centred on Carrum railway station, which sits on the Frankston line and provides direct services to Melbourne’s CBD. Bus routes connect the suburb to neighbouring areas, while major roads such as the Nepean Highway and EastLink support regional access.

Recent infrastructure upgrades, including level crossing removals and station redevelopment, have improved traffic flow and pedestrian connectivity. Local retail activity is modest, with small shops and services, while larger commercial centres are located in nearby suburbs such as Chelsea and Seaford.

Carrum’s natural features play a central role in its identity, particularly the Patterson River, which supports boating, fishing and other water-based recreation. The suburb is also close to the Edithvale-Seaford Wetlands, an important ecological area that provides habitat for birdlife and opportunities for walking and cycling. Carrum Beach offers direct access to Port Phillip, with foreshore reserves used for swimming and passive recreation.

Historically, Carrum developed as a small fishing and holiday destination, and its growth has been shaped by floodplain management and coastal planning controls. Ongoing development continues to balance residential demand with environmental considerations and infrastructure resilience.

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