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Carramar Suburb Insights
VICLocation Information
Suburb Name
Carramar, VIC
Distance from CBD
20.2 kmDemographics
Population
3,550
Median Income
$23,504
Area Information
Area
1.02 km²
Population Density
3480 people/km²
Property Market
Median Price
$872,595
Annual Growth
+5.9%Property Price Trend Analysis
Current Median Price
$872,595
Annual Growth
+5.9%
Quarterly Growth
+4.4%
Price Trends - Last 6 Months
2024-01
$1,024,112
+9.6%2024-02
$1,073,430
+9.4%2024-03
$819,215
+12.5%2024-04
$456,103
+14.3%2024-05
$566,756
+15.9%2024-06
$675,223
+19.9%Property Type Price Analysis
House
Median Price
$1,499,340
Growth Rate
+15%Available Listings
189 properties
Apartment
Median Price
$691,484
Growth Rate
+11.5%Available Listings
249 properties
Townhouse
Median Price
$626,283
Growth Rate
+13.1%Available Listings
216 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy