Carrum

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 $1,101,000.

The upward trend in home prices in CARRUM, 3197 averaged 5.92% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 2.93% increase in returns based on the current median price in CARRUM.

An average of 2.92 real estate transactions take place per month in CARRUM which translates to 35 per annum.

35 properties were sold in CARRUM in 2016, making it the 289th most active market in VIC based on total real estate transactions.

CARRUM, 3197 places 603rd in Australia based on median property value growth during the quarter.

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 $820,000.

Average median unit prices in VIC have risen as a whole, pulling CARRUM, 3197 values up and netting property investors a capital gain of 6.49% for the past year.

Investors saw the median home price rise to $820,000.

The upward trend in home prices in CARRUM, 3197 averaged 3.85% per annum over a 3-year period.

CARRUM now ranks at the 112th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CARRUM are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In CARRUM, homes and units usually stay on listing for an average of 29.9 days.

79 properties were sold in CARRUM in 2016, making it the 35th most active market in VIC based on total real estate transactions.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,101,000	$820,000
Growth Report
Median Quarterly	-1.7%	3.27%
Median 12 month	5.16%	6.49%
Median 3 years	17.75%	11.56%
Median 5 years	32.57%	21.93%
10 years average annual	7.09%	4.95%
Weekly media advert. rent	$620	$650
Time on Market	35 days	29.9 days
Gross Rental Yield Percent	2.93%	4.12%

Demographics (Median Values)*

Total Population 11548

Weekly Household Income 1547

Household Size 2.40

Average Age 43

Monthly Loan Repayment 1950

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type