Carey Park

POSTAL CODE: WA, 6230

HOUSE

UNIT

CAREY PARK, 6230 ranks 850th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.63% for property investors.

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $576,000.

The upward trend in home prices in CAREY PARK, 6230 averaged 29.62% per annum over a 3-year period.

Average weekly rents on listings have reached the $575 mark, reflecting a 5.19% increase in returns based on the current median price in CAREY PARK.

An average of 10.92 real estate transactions take place per month in CAREY PARK which translates to 131 per annum.

131 properties were sold in CAREY PARK in 2016, making it the 452nd most active market in WA based on total real estate transactions.

CAREY PARK, 6230 places 208th in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $590,000.

Average median unit prices in WA have risen as a whole, pulling CAREY PARK, 6230 values up and netting property investors a capital gain of 30.97% for the past year.

Investors saw the median home price rise to $590,000.

The upward trend in home prices in CAREY PARK, 6230 averaged 29.1% per annum over a 3-year period.

CAREY PARK now ranks at the 33rd 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 CAREY PARK are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $590 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 CAREY PARK, homes and units usually stay on listing for an average of 31.6 days.

17 properties were sold in CAREY PARK in 2016, making it the 111th most active market in WA based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$576,000	$590,000
Growth Report
Median Quarterly	6.47%	9.87%
Median 12 month	18.63%	30.97%
Median 3 years	88.85%	87.3%
Median 5 years	140%	165.17%
10 years average annual	8.28%	9.3%
Weekly media advert. rent	$575	$590
Time on Market	33.2 days	31.6 days
Gross Rental Yield Percent	5.19%	5.2%

Demographics (Median Values)*

Total Population 43134

Weekly Household Income 1326

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1733

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

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