Question 1

Is Carey Park a nice place to live?

Accepted Answer

Carey Park is an established, working-class suburb on Bunbury’s outskirts. Streets are mostly modest brick and weatherboard homes on comfortable blocks with pockets of newer infill housing. It is home to 5,155 people, has a median age of 40 and a typical household income of $1,018 a week (about $52,936 a year). Couple families make up 67.4% of family households, and dwellings are slightly more often owner-occupied (53.2%) than rented (46.8%), so the area suits families, long-term locals and anyone after practical, affordable accommodation.

Day-to-day living centres on nearby parks, sporting grounds, local shops and community facilities, with larger retail, health and entertainment options a short drive away. TransBunbury buses link Carey Park with the Bunbury city centre and the Bunbury Health Campus, and the coast and regional green spaces are within easy reach. The council is also progressing planning on several City-owned sites, and Kelly Park has been upgraded with accessible play equipment, nature play, a barbecue area, paths and landscaping following a $290,000 boost.

Question 2

Is it expensive to live in Carey Park?

Accepted Answer

In Carey Park, the numbers show housing costs sit noticeably above what local households earned at the last Census. House rent of $580 a week would take about 57.0% of a typical local household's weekly income at the last Census, and unit rent of $600 a week about 58.9%, so renting would use a large share of that income. The median house price of $647,500 works out to about 12.2 times a typical local household's annual income at the last Census, which sits well above local incomes. If you are renting rather than buying, the rent share is the most relevant figure; if buying, the price multiple is the key measure.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Carey Park a good place to invest?

Accepted Answer

The clearest trend over the past year in Carey Park is strong capital growth: unit values rose 27.5% while house values climbed 20.4%. Rental growth was smaller than value growth, with unit rents up a solid 8.1% and house rents up a solid 5.5%. Units have been the stronger performer this year on both capital and income measures, showing larger percentage gains in value and in the rent they earn. If capital growth is your priority the value figures are the key ones to note; if rental income matters most, pay attention to the rent changes. Whether that pattern fits your investment goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$648K	N/A
Change in value Past 12 months	20.4%	27.5%
Sold Past 3 months	27	6
Median days on market Past 12 months	14	14
Average rent Past 12 months	$580	$600
Change in rent Past 12 months	5.5%	8.1%

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