Question 1

Is Carine a nice place to live?

Accepted Answer

Carine is a settled, family-oriented northern suburb centred on Lake Carine and its regional open space. It is home to 7,330 people with a median age of 43, and the community is weighted towards couple families; roughly nine in ten homes are owner-occupied. Streets mix established brick-and-tile homes on roomy blocks with pockets of newer infill and townhouses, so the housing suits families, downsizers and commuters.

Everyday needs are met by a compact local shopping strip while larger retail and beachside precincts are within easy reach. Regular buses and good road links make the city accessible. The regional open space gives the area walking trails, playgrounds and wetlands and is the focus of a City of Stirling parkland upgrade that includes a playground redevelopment and upgrades to footpaths, shelters and picnic areas. The reserve also has skate and BMX facilities, multi-courts and upgraded floodlighting, and the local high school has received additional classrooms and a sporting facilities grant for pool improvements.

Question 2

Is it expensive to live in Carine?

Accepted Answer

Buying in Carine is stretched against local incomes: the median house price of $1,900,000 works out to about 15 times a typical local household's annual income at the last Census, which is well above local incomes.

Renting a house at $940 a week would take about 38.5% of a typical local household's weekly income at the last Census, a sizeable share. On these figures, buying looks the more stretched option against what people locally earned at the last Census, while renting also consumes a large slice of income; whether that feels expensive will depend on your own circumstances.

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 Carine a good place to invest?

Accepted Answer

House rents in Carine rose a modest 4.7% over the past 12 months, while house values edged up 1.9% in the same period. That means rental income from houses increased faster than their value did this year; if rental return is your priority, the rent movement is the figure that will matter most, while someone focused on capital growth will note the smaller price change. Whether that balance suits you depends on your goals and circumstances.

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	$1.90M	N/A
Change in value Past 12 months	1.9%	N/A
Sold Past 3 months	12	2
Median days on market Past 12 months	11	N/A
Average rent Past 12 months	$940	N/A
Change in rent Past 12 months	4.7%	N/A

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