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Investment Property Carrum, VIC, 3197

Suburb Snapshot

Carrum is a suburb in the Kingston Region of Victoria. Carrum has a population of 3,983 people and 28.34% of its occupants live in rental accommodation. The median listing price for houses is $990,000 and this has changed 12.50% over the past year and changed 10.00% over 2 years.

The median rent in Carrum for houses is $630 per week and the median rental yield is 3.30%. Stock on the market for houses/townhouses has changed -13.64% compared to last year and the average time to sell a house/townhouse is 53 days.The median listing price for units is $680,000 and this has changed 8.80% over the past year. The average unit takes 32 days to sell and the median rent for a unit in Carrum is $525 per week, producing a rental yield of 4.01%.

Supply & Demand in Carrum, Kingston

0.94%

Current vacancy rate


21

Rental stock available


3,983

Population


28.34%

Rental population


0.70%

Current vacancy rate


497

Rental stock available


151,389

Population


22.80%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Carrum, Kingston

  House Townhouses Units
Median listing price $990,000 $830,000 $680,000
Median price change - last quarter 0.50% -1.78% 0.36%
Median price change - 1 year 12.50% -5.69% 8.80%
Median price change - 2 years 10.00% 5.06% 7.93%
  House Townhouses Units
Median weekly rent $630 $695 $525
Median yield % 3.30% 4.35% 4.01%
Median rent change - 1 year 6.77% 11.20% 16.66%
  House Units
Previous month sales 2 4
Stock on market previous month 19 9
Stock variance vs. last year -13.64% 125.00%
Average days on market 53 32

Carrum investment property listings

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