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Carramar suburb profile

Carramar is a family-friendly suburb located in the northern part of Perth, Western Australia. Known for its spacious properties and community-oriented atmosphere, Carramar offers a peaceful suburban lifestyle with easy access to urban amenities. The suburb is home to several parks and recreational areas, making it ideal for outdoor enthusiasts and families. Carramar Golf Course is a notable feature, providing a picturesque setting for golf lovers. With local schools, shopping centers, and public transport options nearby, Carramar is a convenient and attractive choice for those seeking a balanced lifestyle in a growing community.

Carramar property market performance

Carramar’s property market has shown modest growth over the past 12 months, with house values increasing by 3.9%. The current median house price stands at $1.1 million. Notably, there is no data available for units, indicating a potential lack of unit market activity in the area.

In terms of sales activity, 17 houses were sold over the last 12 months, with houses spending a median of just 9 days on the market, suggesting strong demand and quick turnover for houses in Carramar.

The rental market for houses has seen a slight increase, with average rent rising by 1.9% to $800 over the past year. Again, there is no data for units, reinforcing the absence of a unit rental market in Carramar.

HousesUnits
Median price
Past 3 months
$1.10MN/A
Change in value
Past 12 months
3.9%N/A
Sold
Past 3 months
17N/A
Median days on market
Past 12 months
9N/A
Average rent
Past 12 months
$800N/A
Change in rent
Past 12 months
1.9%N/A

5 year median price trend for houses and units

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Carramar demographics

Carramar, located in Western Australia, is a family-friendly suburb known for its peaceful environment and community-oriented lifestyle. With a population of 7,178, Carramar offers a suburban retreat with a median age of 37, indicating a balanced mix of young families and established residents. The suburb's appeal to families is evident, with 56.5% of households being couple families with children, making it an ideal location for those seeking a nurturing environment for raising children.

The housing landscape in Carramar is predominantly owner-occupied, with 64.8% of properties owned with a mortgage and 20.9% owned outright. This high rate of home ownership reflects the suburb's stability and attractiveness to long-term residents. The rental market is relatively small, with only 14.3% of properties being rented, suggesting a strong sense of community and investment in the area.

Carramar's median total household income of $2,455 per week is indicative of a comfortable standard of living, supported by local amenities and services that cater to the needs of its residents. The suburb's layout, featuring parks and recreational facilities, enhances its family-friendly appeal, while its proximity to schools and shopping centers ensures convenience for everyday living. Overall, Carramar presents a harmonious blend of community spirit, family focus, and suburban tranquility.

Carramar infrastructure, key developments and investment opportunities

Carramar’s local infrastructure features established amenities such as Carramar Village Shopping Centre, the popular Carramar Golf Course, and a community centre, all contributing to strong neighbourhood appeal. The suburb is situated within easy reach of Joondalup City and local beaches, offering convenient access to major retail, healthcare, and entertainment hubs, which supports ongoing property demand and livability in the area.

There are currently no major new developments, school upgrades, or significant infrastructure projects announced that would substantially alter Carramar’s property market in the short term. However, the proximity to established schools, public transport links, and key arterial roads continue to make Carramar attractive for families and professionals seeking a well-serviced, accessible suburb.

Carramar rental market trends

The rental market in Carramar has experienced modest growth, with house rents increasing by 1.9% over the past year to $800 per week. There is no data available for unit rents, indicating a potential lack of unit rental properties in the area. Carramar remains a stable suburb for house rentals, offering consistent returns for investors.

Suburbs near Carramar

Some popular suburbs near Carramar include:

How does Carramar compare to nearby suburbs?

  • Median house prices: Carramar’s median house price is 7.9% higher than Tapping’s.
  • House price growth: Property prices in nearby Tapping have risen 11.1% more than in Carramar over the past year.
  • Selling speed for houses: Properties in Carramar are selling 18.2% faster than in Tapping.
  • House price growth: Over the past 12 months, house prices in Carramar have grown 10.8% lower than the average rate of growth across Perth.

Common questions about Carramar

  • Is Carramar a nice place to live?

    Carramar is a delightful suburb that offers a peaceful and family-friendly environment, making it a wonderful place to call home. Nestled in the northern part of Perth, Carramar is known for its spacious properties and a strong sense of community. The suburb's charm lies in its ability to provide a serene suburban lifestyle while still being conveniently close to urban amenities. With several parks and recreational areas, Carramar is perfect for families and outdoor enthusiasts who enjoy spending time in nature.

    The suburb boasts a relaxed vibe, with the Carramar Golf Course being a standout feature for those who love the sport or simply appreciate picturesque landscapes. Families will find Carramar particularly appealing due to its proximity to local schools and shopping centers, ensuring that daily necessities are always within easy reach. Safety is generally not a major concern, contributing to the suburb's appeal as a nurturing environment for raising children.

    However, living in Carramar does come with some trade-offs. While the suburb offers a tranquil lifestyle, it may lack the bustling nightlife and cultural activities found in more central areas. Additionally, the absence of major new developments means that while the suburb retains its charm, it might not experience rapid growth or change in the near future. Despite these trade-offs, Carramar remains an attractive choice for families and professionals seeking a well-serviced and accessible suburb with a strong community spirit.

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  • Is it expensive to live in Carramar?

    Living in Carramar can be pricey, especially when it comes to housing. The median house price is around $892,000, which is quite high compared to other suburbs. If you're looking to rent, houses average about $785 per week. The absence of units means fewer budget-friendly options for those who might be looking for more affordable housing.

    When you compare the average wage in Western Australia, which is approximately $109,000 per year, to the median total household income in Carramar of $2,455 per week, it shows that residents generally earn a decent income. However, the high property prices and rental costs mean that a significant portion of this income would go towards housing expenses.

    Overall, while Carramar offers a pleasant living environment, the cost of housing can be a major consideration. If you're thinking of living in Carramar, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with residing in this 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 Carramar a good place to invest?

    Carramar is showing promising signs as a potential investment suburb, especially for those interested in the housing market. Over the past year, the median house value in Carramar has increased by an impressive 13.4%, indicating strong demand and a healthy growth trajectory. This kind of growth suggests that the suburb is gaining popularity, possibly due to its appealing lifestyle or amenities, making it an attractive option for investors looking for capital appreciation.

    In terms of rental income, Carramar's houses have also seen a notable increase, with rents rising by 8.3% over the last 12 months. This suggests a robust rental market, which is a positive sign for investors seeking steady rental returns. However, it's worth noting that the unit market in Carramar hasn't experienced the same growth, with both median values and rents remaining stable over the past year. This could mean that houses are currently a more favorable investment in this suburb.

    Overall, Carramar presents a solid opportunity for investors, particularly in the housing sector. The combination of strong capital growth and rising rental yields makes it a suburb worth considering for those looking to invest in real estate. While units may not offer the same immediate returns, the stability in their values could appeal to investors seeking a more conservative approach. Carramar's current market dynamics suggest it is a suburb with potential for continued growth and investment appeal.

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Choose the right real estate agents in Carramar

In Carramar, 39 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 50.6% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.5% and 2.79%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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