Carrum Downs

POSTAL CODE: VIC, 3201

HOUSE

UNIT

Property investments in CARRUM DOWNS fare well against the rest of the country last year, registering a median home price increase of 10.49%.

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

Based on its average 5-year and quarterly capital gains CARRUM DOWNS, 3201 saw average growth in the long term.

Real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 15.4 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $790,000.

CARRUM DOWNS ranks 218th on the list of best yielding suburbs for rental properties in VIC, posting a 3.82% return.

Based on its average 5-year and quarterly capital gains CARRUM DOWNS, 3201 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in CARRUM DOWNS, 3201 averaged 2.29% per annum over a 3-year period.

Average weekly rents on listings have reached the $530 mark, reflecting a 4.43% increase in returns based on the current median price in CARRUM DOWNS.

An average of 13.17 real estate transactions take place per month in CARRUM DOWNS which translates to 158 per annum.

158 properties were sold in CARRUM DOWNS during the past year, making it the 314th most active market in VIC based on total real estate transactions.

CARRUM DOWNS, 3201 places 171st in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$790,000	$622,500
Growth Report
Median Quarterly	4.91%	2.05%
Median 12 month	10.49%	7.33%
Median 3 years	11.27%	6.87%
Median 5 years	37.39%	35.33%
10 years average annual	8.22%	7.05%
Weekly media advert. rent	$580	$530
Time on Market	15.4 days	19.5 days
Gross Rental Yield Percent	3.82%	4.43%

Demographics (Median Values)*

Total Population 20711

Weekly Household Income 1339

Household Size 2.60

Average Age 36

Monthly Loan Repayment 1517

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

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