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Carrara, QLD 4211

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 Carrara, QLD 4211 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 “Carrara, QLD 4211”

  1. The total adult population (15 years or older) of Carrara 4211 QLD is 10,958, with a median age of 42. Of those, 46.26% are married, 15.90% are divorced or separated, 33.67% are single and 4.24% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,588. The median monthly mortgage repayment for households in this suburb is $1,900 which is 25.04% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Queensland, the suburb of Carrara, earmarked with the 4211 postcode, is home to approximately 5953 households. As we moved into the third quarter of 2023, the typical prices for houses in Carrara 4211 were observed to be around $1,200,915. These houses command a median weekly rent of $774, churning out an indicative yield of 3.35%.

    Dig a little deeper into the details, and Carrara’s favourable socio-economic standing comes to light with an IRSAD score of 1002 out of a possible 1217, hinting at a population with decent economic resources and access to opportunities. This is mirrored in its renter to owner ratio, which stands at an impressive 28%. Furthermore, the suburb maintains a healthy property balance, with the ratio of units to houses recorded at 21%.

    However, it’s worth noting that the affordability of houses in Carrara may pose a challenge for prospective buyers, given the affordability index stands at 62 years. This metric indicates that under current conditions, it will take around 62 years to fully own a property.

    The Supply metrics for the Carrara market reveal a stock on market Percentage for houses sitting at 0.51%, sitting in the neutral range. The inventory level for houses in the suburb currently stands at a favourable 1.3 months. Additionally, the building approvals Ratio for houses has been low at 0.19%, indicating a limited supply of new dwellings entering the market.

    In terms of Demand metrics, houses in Carrara have been typically spending 52 days on the market, a figure that’s not far from the average. Representing the balance between demand and supply, the vacancy rate (for both houses and units) of 1.1% indicates high demand in the area. And matching this demand, the buy search index for houses is right at the state/city average at 5.

    As a property investor, all these signals point to Carrara as a region of interest, and it’s especially comforting to see its economic indicators supported by a healthy yield, favourable supply levels, and a strong interest from prospective buyers. Remember, staying informed and understanding the comprehensive property market data like this is your key to spotting the best investment suburbs and capitalising on potential opportunities.

    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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