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Carey Park
AREA REPORTS

Carey Park

Carey Park - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6230

house
unit

CAREY PARK, 6230 ranks 2790th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.78% 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 $265,000.

The upward trend in home prices in CAREY PARK, 6230 averaged 5.07% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 6.87% increase in returns based on the current median price in CAREY PARK.

An average of 12.58 real estate transactions take place per month in CAREY PARK which translates to 151 per annum.

151 properties were sold in CAREY PARK in 2016, making it the 394th most active market in WA based on total real estate transactions.

CAREY PARK, 6230 places 277th in Australia based on median property value growth during the quarter.

Data report can be found below

Carey Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $265,000 $263,500
GROWTH REPORT
Median Quarterly 2.42% 3.13%
Median 12 month 17.78% 28.54%
Median 3 years 15.22% 12.61%
Median 5 years -4.5% 2.23%
10 years average annual 0.48% 1.33%
Weekly media advert. rent $350 $350
Time on Market 67.0 days 68.2 days
Gross Rental Yield Percent 6.87% 6.91%
demographics (median values)*
Total Population
43134
Weekly Household Income
1326
Household Size
2.40
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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