Carramar is a smaller suburb in New South Wales within the Fairfield local government area (postcode 2163). With a population of 3,475, the suburb has an established demographic with a median age of 40. Households earn a median income of $56K per year, with an average household size of 2.6 people. The most common occupations are machinery operators & drivers, professionals, community & personal service. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Carramar is $1.1 million, having grown strongly 9.4% over the past year. Units have a median price of $427,000 (+8.1% YoY). The current median weekly rent is $545. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,500.
Carramar is served by 1 school, including 1 primary. The average ICSEA score is 931, which is below the national average of 1,000. Public transport access includes 1 rail station, 21 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Fairfield LGA is below average at 2,226 incidents per 100,000 population.
From an investment perspective, Carramar offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 20.6x is considered stretched. House prices have moved +9.4% year-on-year.
Carramar is a smaller suburb in New South Wales within the Fairfield local government area (postcode 2163). With a population of 3,475, the suburb has an established demographic with a median age of 40. Households earn a median income of $56K per year, with an average household size of 2.6 people. The most common occupations are machinery operators & drivers, professionals, community & personal service. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Carramar is $1.1 million, having grown strongly 9.4% over the past year. Units have a median price of $427,000 (+8.1% YoY). The current median weekly rent is $545. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,500.
Carramar is served by 1 school, including 1 primary. The average ICSEA score is 931, which is below the national average of 1,000. Public transport access includes 1 rail station, 21 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Fairfield LGA is below average at 2,226 incidents per 100,000 population.
From an investment perspective, Carramar offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 20.6x is considered stretched. House prices have moved +9.4% year-on-year.