Get a property report and suburb profile for any property in Carrum

Carrum is a bayside suburb in Melbourne’s south-east centred on Port Phillip Bay, a long sandy beach and a broad foreshore reserve. Streets mix older weatherboard and mid-century cottages with modern beachside rebuilds, and the area draws families, retirees and people after a relaxed seaside lifestyle. Weekends often revolve around the esplanade, waterside cafes and a small shopping strip by the train station, while boating and fishing around the Patterson River mouth are common. The Frankston line and walking and cycling paths keep the suburb outdoors-focused.

Demographically Carrum is weighted to couple families, who make up 77.6% of families, and has a median age of 40. About 68.8% of homes are owner-occupied and the median household income is $1,732 a week. Recent works from the Level Crossing Removal Project and a Carrum Village revitalisation have elevated the rail, delivered a new station, added shared paths, a beach promenade and new community open spaces, improving links between the village and foreshore. Whether that mix suits you comes down to what you want from a suburb.

A median house price of $1,177,500 in Carrum works out to about 13.1 times a typical local household's annual income at the last Census (weekly household income $1,732). On the renting side, the average house rent of $720 a week would take about 41.6% of that weekly income, a large share, while the average unit rent of $570 a week would take about 32.9%, a sizeable share. If you're renting rather than buying, those rent shares are the immediate numbers to focus on; the price multiple shows buying sits well above local incomes recorded at the last Census.

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

Over the past 12 months Carrum’s median values have risen, with unit values up 8.6% and house values up 6.3% — both solid increases, and units were the stronger performer on the capital side.

Rents climbed more modestly over the same period: house rents rose 4.3% and unit rents rose 3.6%, so rental income grew at a steadier, more modest pace than prices. If capital growth is your focus, unit values outpaced houses this year; if rental income matters more, house rents edged ahead.

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.