Carey Park

POSTAL CODE: WA, 6230

HOUSE

UNIT

CAREY PARK, 6230 ranks 994th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.91% 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 $610,500.

The upward trend in home prices in CAREY PARK, 6230 averaged 30.26% per annum over a 3-year period.

Average weekly rents on listings have reached the $580 mark, reflecting a 4.94% increase in returns based on the current median price in CAREY PARK.

An average of 9.58 real estate transactions take place per month in CAREY PARK which translates to 115 per annum.

115 properties were sold in CAREY PARK in 2016, making it the 481st most active market in WA based on total real estate transactions.

CAREY PARK, 6230 places 347th 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 22.92% 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 28.71% per annum over a 3-year period.

CAREY PARK now ranks at the 115th 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 $600 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 29.5 days.

20 properties were sold in CAREY PARK in 2016, making it the 90th 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	$610,500	$590,000
Growth Report
Median Quarterly	1.75%	-0.42%
Median 12 month	17.91%	22.92%
Median 3 years	90.78%	86.12%
Median 5 years	144.2%	144.31%
10 years average annual	9.04%	12.64%
Weekly media advert. rent	$580	$600
Time on Market	33.7 days	29.5 days
Gross Rental Yield Percent	4.94%	5.29%

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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