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Carey Park suburb profile

Carey Park is a residential suburb located in the city of Bunbury, Western Australia. Known for its community-oriented atmosphere, it offers a mix of affordable housing options, making it attractive to families and first-time homebuyers. The suburb is well-served by local amenities, including schools, parks, and shopping facilities, providing convenience for its residents. Carey Park's proximity to Bunbury's city center ensures easy access to a wider range of services and entertainment options. With its friendly vibe and practical location, Carey Park is a welcoming community for those seeking a balanced lifestyle in the South West region.

Carey Park property market performance

Current median dwelling price$553,125Past 3 months

Property growth+24.3%Past 12 months

Carey Park’s property market has experienced significant growth over the past 12 months, with house values increasing by 17.8% and unit values rising by 15.3%. The current median house price stands at $645,000, while the unit market remains less active with limited sales data.

Sales activity has been moderate, with 29 houses and 4 units sold over the past 12 months. Houses are selling relatively quickly, with a median of 14 days on the market, while units take slightly longer at 18 days, indicating a brisk market pace.

The rental market in Carey Park has also seen upward trends, with house rents increasing by 5.5% and unit rents by 9.1% over the last year. The average rent for houses is $580, while units command a higher average rent of $600, reflecting strong demand in the rental sector.

HousesUnits
Median price
Past 3 months
$651KN/A
Change in value
Past 12 months
20.0%28.6%
Sold
Past 3 months
258
Median days on market
Past 12 months
1414
Average rent
Past 12 months
$580$600
Change in rent
Past 12 months
5.5%8.1%

5 year median price trend for houses and units

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Carey Park demographics

Carey Park, located in the city of Bunbury, Western Australia, is a suburb that offers a blend of suburban tranquility and accessibility to urban amenities. With a population of 5,155, it is a community that balances family life with the conveniences of city living. The median age of 40 suggests a mature population, with many residents likely to be established in their careers or enjoying the later stages of family life.

The suburb's household composition is diverse, with a significant proportion of couple families without children, accounting for 39.8% of the population. This is complemented by 27.6% of couple families with children and a notable 30.6% of one-parent families, indicating a supportive environment for various family structures. The presence of other family types, though minimal at 1.9%, adds to the suburb's inclusive community feel.

In terms of property ownership, Carey Park presents a balanced mix. Approximately 24.8% of properties are owned outright, while 28.4% are owned with a mortgage, reflecting a stable housing market. The rental market is also significant, with 46.8% of properties being rented, which may appeal to those seeking flexibility or temporary accommodation. The median total household income of $1,018 per week suggests a modest economic environment, which aligns with the suburb's appeal to families and individuals seeking affordable living options within reach of Bunbury's city center.

Suburbs near Carey Park

Some popular suburbs near Carey Park include:

How does Carey Park compare to nearby suburbs?

  • Median house prices: Carey Park’s median house price is 10.2% lower than East Bunbury’s.
  • Median unit prices: Carey Park’s median unit price is 16.5% lower than South Bunbury’s.
  • House price growth: Over the past 12 months, house prices in Carey Park have grown 2.6% higher than in East Bunbury.
  • Unit price growth: Over the past 12 months, unit prices in Carey Park have grown 0.8% higher than in East Bunbury.
  • Selling speed for houses: Properties in Carey Park are selling 44.0% faster than in East Bunbury.
  • Selling speed for units: Properties in Carey Park are selling 30.0% faster than in Bunbury.

Choose the right real estate agents in Carey Park

There are 45 real estate agents in Carey Park, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 42.0% of all sales in the past year.

Commission rates in Carey Park typically range from 3.16% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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