Carramar is a mid-sized suburb in Western Australia within the Wanneroo local government area (postcode 6031). With a population of 7,178, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $128K per year, with an average household size of 3.1 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Carramar is $642,000, having surged 21.2% over the past year. Units have a median price of $485,000 (+22.2% YoY). The current median weekly rent is $797. This gives a gross rental yield of approximately 6.5%. The median monthly mortgage repayment is $2,017.
Carramar is served by 1 school, including 1 primary. The average ICSEA score is 1023, which is around the national average of 1,000. Public transport access includes 23 bus stops.
From an investment perspective, Carramar offers a gross rental yield of 6.5%, rated as high yield. Property prices sit below the state median ($642K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 5.0x is considered affordable. House prices have moved +21.2% year-on-year.
Carramar is a mid-sized suburb in Western Australia within the Wanneroo local government area (postcode 6031). With a population of 7,178, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $128K per year, with an average household size of 3.1 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Carramar is $642,000, having surged 21.2% over the past year. Units have a median price of $485,000 (+22.2% YoY). The current median weekly rent is $797. This gives a gross rental yield of approximately 6.5%. The median monthly mortgage repayment is $2,017.
Carramar is served by 1 school, including 1 primary. The average ICSEA score is 1023, which is around the national average of 1,000. Public transport access includes 23 bus stops.
From an investment perspective, Carramar offers a gross rental yield of 6.5%, rated as high yield. Property prices sit below the state median ($642K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 5.0x is considered affordable. House prices have moved +21.2% year-on-year.