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Carrum Downs, VIC 3201

Home » VIC Real Estate Data » Frankston City, VIC » Carrum Downs, VIC 3201

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 Carrum Downs, VIC 3201 located in Melbourne 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.

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Yield 

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Buy 

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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 “Carrum Downs, VIC 3201”

  1. The total adult population (15 years or older) of Carrum Downs 3201 VIC is 17,764, with a median age of 36. Of those, 38.87% are married, 15.26% are divorced or separated, 41.15% are single and 4.75% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,972. The median monthly mortgage repayment for households in this suburb is $1,733 which is 21.74% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the state of Victoria, the suburb of Carrum Downs, 3201, is home to approximately 11,876 households. An evaluation of the property market in the area, as of the third quarter in 2023, shows that typical house prices are marked at $699,000. The median weekly rent stands at $462, culminating in an indicative yield of 3.44%, which meets the minimum attractive market requirement for cashflow-focused property investors.

    The socio-economic wellbeing of the populace is decent, with an IRSAD score of 950 out of 1217. This suggests that the residents of Carrum Downs have access to a considerable amount of economic resources, and there is a predominance of skilled professions and medium-to-high income levels in this region.

    Examining the renter to owner ratio at 27%, this suburb exhibits a balanced property market. The ratio is comfortably below the 30% threshold, implying that the area is not oversaturated with rental properties and therefore, offers sustainable long-term returns for property investors.

    A closer look at the housing market composition reveals the units to houses ratio to be 22%. This is a favourable figure indicating a limited presence of apartments, flats, studios and units, reducing the competition among landlords for tenants and helping maintain higher rental yields.

    The affordability index, indicating the estimated years required to fully own a house, stands at 34 years. Although slightly above the standard 30-year mortgage period, this hints at the moderate affordability among its residents.

    Supply and demand indicators are firmly in the favourable range. The stock on the market percentage for houses is a mere 0.19%, indicating low supply. Additionally, the inventory level for houses averaging 0.7 months demonstrates a quick absorption of new housing listings, again signalling low supply. The building approvals ratio for houses in Carrum Downs is 1.51%, indicative of a steady and controlled increase in fresh property stock in the market which doesn’t tip the balance towards oversupply.

    Furthermore, average house listings remain active for just 26 days, well below the 35-day mark, showing a high demand for properties in this suburb. The vacancy rate, including both houses and units, is a low 0.93% and is evidence of a tight rental market, again pointing towards high demand. The buy search index for houses, being at 3, could be better but is not significantly concerning given the strong favourable indications across most property market metrics.

    Understanding and keeping track of these real estate statistics, investors can make well-informed decisions about the property market in Carrum Downs, 3201. As with every investment location, close monitoring of market developments is crucial to capitalising on opportunities for capital gains and positive cash flow. It’s key to remember that it’s alright if some metrics are in unfavourable ranges as long as most others are favourable, like in the case of Carrum Downs. The Relative Composite Score (RCS) developed by HtAG Analytics enables investors to streamline their research leveraging over 80 metrics.

    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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