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Carramar, NSW 2163

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Carramar, NSW 2163 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Carramar, NSW 2163”

  1. The total adult population (15 years or older) of Carramar 2163 NSW is 2,875, with a median age of 40. Of those, 39.83% are married, 18.05% are divorced or separated, 34.19% are single and 7.90% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $5,400. The median monthly mortgage repayment for households in this suburb is $1,500 which is 27.78% of their earnings.

    Source: ABS Census Data (2021)

  2. Carramar 2163, a suburb nestled with tranquillity in New South Wales, is home to an estimated total of 1628 households. This appealing neighbourhood provides a scenic residential landscape that effectively meshes suburban life with urban accessibility. As of the third quarter of 2023, property data for houses in Carramar 2163 reveals a typical price point of $841,441 and a median weekly rent of $450. When considered alongside each other, these figures generate an indicative yield of 2.78%, slightly below the 3% cashflow-centric investors often seek out.

    Despite the yield being slightly irksome, it’s important to place this within the context of Carramar’s essential and fundamental metrics. With an IRSAD score of 859 out of a possible 1217, Carramar sits comfortably within the middle band, hinting at a moderate socio-economic status amongst its population. However, investors will have to contend with a higher renter to owner ratio of 47%, presenting a slightly saturated rental market that can pose potential risks and stiff competition.

    Navigating further through the property landscape in Carramar, it’s evident that units outnumber houses, with a unit to house ratio of 54%. This factor, although pointing to potential over-saturation in terms of rentals, may still harbour opportunities for those with versatile portfolios.

    The affordability index reflects a daunting projection of 61 years to full property ownership, indicating a challenging market in terms of accessibility. However, it’s asset supply metrics that shine a more positive light. A stock on market Percentage of only 0.17% and inventory level averaging 0.8 months suggest low supply, an attribute that can drive up demand and prices in the longer term.

    With an encouraging Building Approval Ratio for houses at just 1.32%, this suburb isn’t bracing itself for an influx of new property stock that could upset the current market dynamics. Similarly, a low average of 19 days on market implies a stronger demand, a favourable indication for investors hoping for brisk sales or rentals.

    The combined vacancy rate for both houses and units is impressively low at 0.78%, indicating a high occupancy rate and a perfect scenario for investors, while the buy search index of 3 places the suburb in the neutral demand range.

    In summary, whilst there are challenges in Carramar’s relatively high renter-owner ratio and a slightly disappointing indicative yield, the suburb’s low supply metrics, low vacancy rates, and moderate socio-economic index may signal opportunities for discerning investors to dig deeper. Leveraging RCSRelative Composite Score developed by HtAG Analytics that synthesises over 80 metrics can provide a more nuanced investment strategy based on rigorous research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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