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Carramar

POSTAL CODE: WA, 6031
HOUSE

Property investors enjoyed capital gains of 3.61% over the last 12 months in CARRAMAR, translating to lower returns compared with its peers in WA.

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

The suburb posted a 50.41% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

On average, rents on listings have reached the $800 mark, reflecting a 4.57% increase in returns based on the current median price in CARRAMAR.

CARRAMAR, 6031 ranks 452nd in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 160th on the list of best yielding suburbs for rental properties in WA, posting a 4.57% return.

Surburb overview

Carramar, located approximately 30 kilometres north of Perth's central business district, is a suburb within the City of Wanneroo in Western Australia. Established in 1995, it covers an area of about 7.2 square kilometres and is bordered by Neerabup to the north, Banksia Grove to the east, Tapping to the south, and Wanneroo to the west. 

As of the 2021 census, Carramar had a population of 7,178 residents, with a median age of 34. The community comprises a mix of families, professionals, and retirees, contributing to a diverse demographic profile. 

The suburb predominantly features separate houses, with an average home owned with a mortgage by couples with children. The median house price in Carramar is approximately $806,000, reflecting a 21.2% sales growth. Rental prices have also seen a 17.2% growth, with a median rental price of $785 per week. 

Carramar offers essential amenities, including the Carramar Village Shopping Centre, which features a variety of stores, such as a supermarket, pharmacy, and dining establishments. Residents can access the nearby Joondalup Shopping Centre for more extensive shopping needs. The suburb contains several parks, with Carramar Golf Course being a notable feature, offering an 18-hole course set in natural bushland. 

Educational facilities within Carramar include Carramar Primary School, catering to students from kindergarten to year six. Secondary education options are available in neighbouring suburbs, with students attending Joseph Banks Secondary College or Wanneroo Secondary College. 

Public transportation in Carramar includes several bus routes connecting to the Joondalup Line via Joondalup railway station, facilitating access to Perth and surrounding areas. Major bus routes serving the suburb include routes 390 and 391. 

Carramar's combination of suburban tranquillity, accessibility, and community amenities contributes to its reputation as a desirable suburb within the Perth metropolitan area. 

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