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Carina suburb profile

Carina is a well-established suburb located approximately 7km east of Brisbane's CBD, known for its family-friendly atmosphere and community spirit. The area features a mix of post-war homes and modern residences, catering to a diverse range of residents. Carina is home to several parks and recreational facilities, including the popular Carindale Recreation Reserve, providing ample opportunities for outdoor activities. The suburb benefits from convenient access to public transport and major roads, making commuting straightforward. With its proximity to Westfield Carindale shopping centre and quality schools, Carina remains a sought-after location for families and professionals alike.

Carina property market performance

Carina's property market has experienced significant growth over the past 12 months, with house values increasing by 22.4% and unit values rising by 18.5%. The median house price has reached approximately $1.31 million, while units have averaged $870,000, indicating strong demand across both property types.

Sales activity has been robust, with 32 houses and 43 units sold in the past three months. Properties are moving quickly, with houses spending a median of just 18 days on the market and units even faster at 10 days, reflecting high buyer interest.

The rental market in Carina has also seen notable changes, with house rents increasing by 3.0% and unit rents rising by 8.8% over the last 12 months. The average rent for houses is $690, while units are close behind at $680, highlighting a competitive rental environment.

Median price - houses$1.30MPast 3 months

Median price - units$868KPast 3 months

Change in value - houses21.8%12 months

Change in value - units18.9%12 months

Houses sold37Past 3 months

Units sold44Past 3 months

Median DOM - houses18.5Past 12 months

Median DOM - units11Past 12 months

Average rent - houses$700Past 12 months

Average rent - units$680Past 12 months

Change in rent - houses5.7%Past 12 months

Change in rent - units8.4%Past 12 months

Carina demographics

Carina, a suburb located in Brisbane's eastern corridor, offers a blend of suburban tranquility and urban convenience. With a population of 11,678 and a median age of 37, Carina is home to a diverse community that includes families, professionals, and retirees. The suburb's proximity to the Brisbane CBD, coupled with its family-friendly amenities, makes it an attractive choice for those seeking a balanced lifestyle.

The suburb's housing landscape is characterized by a mix of ownership and rental properties. A significant portion of residents, 26.7%, own their homes outright, while 39.1% have a mortgage, indicating a stable and established community. Meanwhile, 34.2% of the properties are rented, providing options for those who prefer flexibility or are new to the area. This mix of housing options caters to a wide range of residents, from young families to older couples.

Family life is a prominent feature of Carina, with 41.3% of households being couple families with children and 39.0% being couple families without children. The presence of one-parent families, which make up 17.4% of the community, adds to the suburb's diversity. Carina's local parks, schools, and shopping centers contribute to its appeal as a family-oriented suburb, while its accessibility to public transport and major roads ensures connectivity to the broader Brisbane area.

Carina infrastructure, key developments and investment opportunities

Carina is undergoing several developments that may impact its property market. The suburb is seeing an increase in modern family homes replacing older post-war housing, potentially boosting property values. Proximity to major shopping centers like Westfield Carindale and excellent transport links, including quick access to the M1 motorway and express bus routes to the CBD, enhance the area's appeal.

The Clem Jones Centre on Zahel Street continues to be a key recreational facility, offering various sports amenities. Additionally, ongoing improvements to local parks and green spaces, such as Minnippi Parkland, are enhancing livability. With its family-friendly atmosphere, good schools, and convenient location just 7km from Brisbane's CBD, Carina remains an attractive suburb for homebuyers and investors alike.

Carina rental market trends

The rental market in Carina has experienced moderate growth, with house rents increasing by 3.0% over the past year to $690 per week, while unit rents have seen a more significant rise of 8.8% to $680 per week. This suburb continues to attract renters and investors alike, thanks to its appealing lifestyle and proximity to Brisbane's amenities.

Suburbs near Carina

Some popular suburbs near Carina include:

Common questions about Carina

  • Is Carina a nice place to live?

    Carina is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a fantastic place to call home. Known for its charming family-friendly atmosphere, Carina is a suburb where community spirit thrives. The area is adorned with a mix of post-war homes and modern residences, catering to a diverse range of residents, including families, professionals, and retirees. Its proximity to Brisbane's CBD ensures that residents enjoy the benefits of city living while residing in a peaceful environment.

    For families, Carina is particularly appealing due to its excellent schools and abundance of parks and recreational facilities. The popular Carindale Recreation Reserve and the Clem Jones Centre provide ample opportunities for outdoor activities and sports, making it an ideal spot for children and adults alike to stay active and engaged. The suburb's vibrant community vibe is complemented by its convenient access to public transport and major roads, ensuring easy commuting and connectivity to the broader Brisbane area.

    While Carina offers a serene lifestyle, it does come with a few trade-offs. The ongoing development and modernization of housing may lead to increased property values, which could be a consideration for potential homebuyers. Additionally, while the suburb is rich in amenities, those seeking a bustling nightlife might find it quieter compared to inner-city areas. However, the proximity to Westfield Carindale shopping centre ensures that residents have access to a wide range of shopping, dining, and entertainment options.

    Overall, Carina is a safe and welcoming suburb that offers a balanced lifestyle, making it an attractive choice for families and individuals seeking a community-oriented environment with the convenience of city access. Its blend of suburban charm, excellent amenities, and strong community feel make it a lovely place to live.

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  • Is it expensive to live in Carina?

    Living in Carina can be quite costly, especially when you consider the current property market. The median house price in this suburb is around $1,307,500, and for units, it's about $870,000. If you're thinking of renting, the average rent for houses is $690 per week, while units are slightly less at $680 per week. These figures suggest that housing in Carina is on the expensive side, particularly when compared to other suburbs in the Brisbane area.

    When you look at the income side of things, the average wage in Carina is approximately $107,000 per year, which translates to a weekly income of about $2,064. While this income level is relatively high, the substantial property prices and rental rates mean that a significant portion of one's earnings would go towards housing costs. This could make it challenging for individuals or families earning an average wage to comfortably afford living in Carina.

    Overall, Carina offers a pleasant lifestyle with its proximity to Brisbane's amenities and services, but the cost of living, particularly in terms of housing, is quite high. If you're considering moving to Carina, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with living in this desirable suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Carina a good place to invest?

    Carina is proving to be an attractive suburb for property investors, with impressive growth in both house and unit values over the past year. The median house value has surged by 22.4%, while units have also seen a significant increase of 18.5%. This strong capital growth indicates a high demand for properties in the area, making it a promising location for those looking to invest in real estate.

    In addition to the rising property values, Carina's rental market is also showing positive trends. Rent for units has increased by 8.8%, suggesting a strong demand from renters, while house rents have seen a more modest growth of 3.0%. This combination of capital appreciation and rental demand makes Carina an appealing choice for investors seeking both long-term growth and rental income.

    Overall, Carina's recent performance in the property market, coupled with its potential for continued growth, makes it a suburb worth considering for investment. Its strong market dynamics and increasing appeal to both buyers and renters contribute to its status as a solid investment opportunity.

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