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Carramar, WA 6031
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,100,000
market range $1M-$1.2M
Median Unit
$880,000
Gross Yield (houses)
4.2%
1yr Growth (houses)
+23.5%
market range +15.0% to +27.5%
Investment snapshot for Carramar
Carramar has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Carramar market and investor summary
In Carramar, WA 6031, the median house sells for around $1.1M, on a gross rental yield of 4.2% for houses. House prices have moved +23.5% over the past year and +67.3% over three years. At 0.6% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.2% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking.
Living in Carramar: people, income and schools
Carramar has a resident population of roughly 7,178, and the area has been growing steadily, up about 17% over five years. At a median age of 27, it reads as younger than the national median, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $128,000 a year (about $2,460 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.6 times local household income, in line with much of metropolitan Australia. Locally, around 36% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 14 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Carramar sits about 29 km from the CBD. It is fairly car-dependent; the suburb scores 39 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 7,178
- +17% over 5yr
- Median age
- 27 years
- Median household income
- $128,000/yr
- Households renting
- 14%
- Family households
- 88%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 14
- avg ICSEA 1004
- Unemployment
- 4.8%
- Distance to CBD
- 29 km
- Walk score
- 39/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Carramar
View all →Frequently asked questions about Carramar
What should I check before investing in Carramar?
Carramar has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +23.5% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Carramar?
The median property price in Carramar, WA 6031 is $1.1M for houses and $880K for units.
What rental yield does Carramar show?
The gross rental yield in Carramar is 4.2% for houses and 2.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Carramar?
House prices in Carramar are up 23.5% over the past year and up 67.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Carramar?
The current vacancy rate in Carramar is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Carramar?
Carramar has a population of approximately 7,178 residents, with a median age of 27.
What schools are near Carramar?
There are 14 schools within roughly 5km of Carramar. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Carramar affordable to buy in?
A median house in Carramar costs about 8.6 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Carramar's population growing?
The population of Carramar has grown about 17% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Carramar from the CBD?
Carramar is about 29 km from the CBD.
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