Carine, WA 6020
City Of Stirling, Western Australia
Good to Know
Carine, WA 6020 is a high-value house market in the City Of Stirling area, currently positioned as a long-hold capital growth submarket. Located north of the Perth CBD, Carine is home to roughly 7,330 adults across 2,812 dwellings, with a vacancy rate of 1.87%.
According to HtAG Analytics, Carine is exhibiting tight supply alongside strong demand. Stock on Market sits at 0.12% and Inventory at 2.18 months — below the ~3-month balanced-market threshold — driving +10.7% YoY price growth and +4.7% YoY rent growth.
What the market data is signalling
Carine's 12‑month performance shows stronger price appreciation than rental growth: 1‑year price growth of +10.7% versus rent growth of +4.7%, while the indicative gross yield sits at 2.17% — below the typical 3% cashflow threshold. That combination points to a capital‑growth led market rather than a yield play, with owner‑occupier and wealth buyers likely dominant.
Supply signals are supportive of ongoing price momentum: Stock on Market is extremely low at 0.12% (opportune) and Inventory is near the low end of balanced at 2.18 months. Note the suburb's affordability index of 62 years indicates housing is stretched for typical buyers, which can limit transactional depth even as values rise. See the Markets in the Moment (MiM™) heatmap for the wider picture.
Who lives in Carine — and why it matters for investors
Carine scores an IRSAD decile of 10, reflecting a very high socio‑economic profile. That demographic mix typically supports lower volatility in property values and a bias to long‑term capital growth rather than rental yield extraction. For more on how area affluence interacts with growth, see the IRSAD Crossover study.
Local market structure also matters: the Renter/Owner ratio is 9% (opportune) and the Units/Houses ratio is 9% (opportune), pointing to a predominantly owner‑occupied, house‑dominated suburb rather than a rental‑led precinct — important when you’re matching asset selection to strategy.
Why suburb-level data matters for Carine
Suburb‑level metrics give a clearer investment signal than broader council averages. In Carine the typical house price is $1,763,811, gross yield is 2.17%, Stock on Market is 0.12%, Inventory is 2.18 months, and median days on market are 42 days. Those specific figures are what underwrite an investment decision in this pocket, not an LGA average. Read more on this methodology at LGA vs Suburb research.
For an itemised briefing you can download the full Carine data guide.
What's behind the RCS™ score of 77
HtAG's RCS™ bundles three independent dimensions — risk minimisation, capital‑growth potential and cashflow resilience — into a single composite score; a score of 77 reflects a market that favours capital growth and lower risk of deep downside but offers constrained rental yields. To understand how the index is constructed, see how the RCS™ is built.
open Carine in HtAG Copilot to interrogate the individual sub‑scores and scenario‑test the market against your investment criteria.
Forward signals to watch
The vacancy rate — currently 1.87%: at this balanced vacancy level expect continued moderate rental growth; a sustained move below 1% would materially tighten rental conditions and lift yields over 12–24 months.
The building approvals ratio — currently 0.82%: this neutral reading suggests limited new supply pressure from approvals, so near‑term stock additions are unlikely to blunt price momentum.
The wider Perth cycle phase: a city‑wide shift from expansion to slowdown would temper Carine’s recent price momentum, while ongoing expansion at the metro level would reinforce the suburb’s capital‑growth characteristics.
Does this area meet your investment goals?
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RCS Breakdown
Carine's RCS™ headline is an overall signal — but it doesn't tell you why. The three sub-scores below reveal whether that score is earned through risk minimisation, capital growth, or cashflow — and which portfolio brief it fits.
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Critical to know
Market Trends
Carine's headline values — $1,763K to buy and $735PW to rent, a 2.16% gross yield. Over the past decade, prices have moved 130.13% and rents 49.59% — the Yield series shows whether that gap is widening (price outpacing rent, yield compressing) or closing.
$1,763K is today. The 10-year trajectory reveals whether that's the top of a run, the start of a new leg, or somewhere mid-cycle. Sign up to unlock the entire trend line.
$735PW today, with rent growth at (+4.68% YoY) compared to price growth (+10.68%). That spread determines yield is expanding or compressing across the next cycle. Sign up to unlock the entire trend line.
Where is Carine in its cycle - and is the 2.16% yield holding?
Cycle phase tells you whether you're buying near the bottom (room to run) or top (compression ahead). Yield trajectory tells you whether cashflow is durable or being eroded — the single most important question for a long-hold thesis.
Cycle Phase
Cycle Position
Yield Trajectory
Rent vs Price Spread
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Area Risks
Property data alone won't flag the structural risks that can erode a long-hold position. Bushfire overlays, flood-zone exposure, and economic concentration sit outside the price feed but determine whether your capital is insurable, defensible, and structurally protected. Unlock to see.
Are there hidden structural risks shaping Carine's long-hold story?
Beyond the headline price, Carine carries risk signals a median can't show — hazard exposure from bushfire and flood overlays, and how narrowly local employment leans on a handful of sectors (the concentration the EDI score quantifies). Together these separate insurable, defensible long-holds from those carrying tail-risk that never surfaces in the headline number.
MADI Risk
EDI Risk
Bushfire
Flood
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Critical to know
Supply & Demand
Carine's headline numbers show where the market is today. The two cards below answer where it's heading. Direction is what separates a buy from a wait.
Is housing supply tightening or building up?
Stock on Market is one number — the trend is what matters. SoM, inventory, building approvals and hold period together reveal whether the market is starving for stock (price pressure up) or quietly building a pipeline (pressure down).
Stock on Market
Inventory
Building Approvals
Hold Period
Is buyer and renter demand heating up or cooling off?
Vacancy is one signal — the real question is whether demand is still building or quietly peaking. Days on market, vacancy, search index and clearance rate are the four pulse-points — when they diverge, they signal a turning point.
Days on Market
Vacancy Rate
Search Index
Clearance Rate
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Fundamentals
Carine can look solid on the surface — but the three layers below separate markets that genuinely hold value from ones that only look like they do.
Is Carine genuinely stable - or just expensive?
IRSAD hints at affluence, but socio-economic strength alone doesn't guarantee resilience. Combined with the renter-to-owner balance and unit-to-house ratio, you get the three signals that separate a tightly-held submarket from one carrying hidden volatility.
IRSAD
Renter to Owner
Units to Houses
Where do Carine prices go over the next 12 months?
Today's headline price is just a snapshot. Projected ROI and the volatility index tell you whether to commit capital now, wait for a softer entry, or rotate into a steadie submarket.
Projected Annual ROI
Volatility Index
Can you actually buy into Carine - and exit cleanly?
Tightly-held areas reward long-hold investors but punish anyone who needs liquidity. Annual sales and rental volume reveal whether your capital can reposition — or sits structurally locked in.
Annual Sales Volume
Annual Rental Volume
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Important to know
Education & Infrastructure
Carine looks tightly-held and stable on the surface — but the three layers below separate areas that genuinely hold value from ones that only look like they do.
Does Carine's school catchment + infrastructure pipeline justify the price?
School ranks anchor family demand and tenant quality. The active infrastructure pipeline shifts a suburb's price ceiling over the next 5–10 years. Together they tell you whether Carine has structural support for the next leg of capital growth.
School Rank
Hospitals & Employment
Infrastructure Spend
Transport Projects
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Full HtAG Intelligence
Carine shows potential. The platform tells you whether it's the best fit for your portfolio.
Price and yield are only the surface. HtAG reads the forces underneath — supply tightening or loosening, demand heating or cooling, and the risks that move slowly but decide long-term growth. Together they show whether Carine has the structural support for its next leg — or whether the numbers are running ahead of the fundamentals.
The total adult population (15 years or older) of Carine 6020 WA is 5,746, with a median age of 43. Of those, 63.47% are married, 7.57% are divorced or separated, 23.96% are single and 5.12% are widowed.
The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $11,424. The median monthly mortgage repayment for households in this suburb is $2,340 which is 20.48% of their earnings.
Source: ABS Census Data (2021)