Carramar vs Warwick
Property investment comparison - Carramar, WA 6031 vs Warwick, WA 6024
Head-to-head across core investment metrics: Carramar wins 4, Warwick wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Carramar | Warwick |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $880K | $630K |
| Gross rental yield (houses) | 4.23% | 3.85% |
| Gross rental yield (units) | 2.89% | 2.70% |
| 1-year house growth | +23.5% | - |
| 3-year house growth | +67.3% | +63.6% |
| Vacancy rate | 0.6% | 0.3% |
| Population | 7,178 | 3,858 |
Carramar vs Warwick: what the numbers say
The median house price is $1.1M in Carramar and $1.1M in Warwick, so Carramar is the cheaper entry point.
For units, Carramar sits at a median of $880K against $630K in Warwick, which makes Warwick the more affordable unit market and Carramar the pricier one.
On cash flow, Carramar leads: houses there return a gross rental yield of 4.23%, compared with 3.85% in Warwick, a gap of 0.38 percentage points.
Looking back three years, Carramar houses are +67.3% and Warwick houses +63.6%, so Carramar has compounded faster than Warwick over the longer window.
Rental vacancy is 0.3% in Warwick and 0.6% in Carramar, so landlords in Warwick face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Carramar is the bigger suburb, with a population of 7,178 against 3,858, larger than Warwick; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Carramar for rental income, Carramar for a lower purchase price, Warwick for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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