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Carrara, QLD 4211
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,320,000
market range $1.2M-$1.6M
Median Unit
$915,000
market range $850K-$1.0M
Gross Yield
-
1yr Growth (houses)
+13.8%
market range +10.0% to +17.5%
Investment snapshot for Carrara
Carrara has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Carrara market and investor summary
In Carrara, QLD 4211, the median house sells for around $1.3M. House prices have moved +13.8% over the past year and +44.3% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking.
Living in Carrara: people, income and schools
Carrara is home to around 13,138 people, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, and 70% of homes are owner-occupied.
The typical household income runs to around $81,000 a year (about $1,560 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 16.3 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
Families have 20 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Carrara sits about 70 km from the CBD. It is fairly car-dependent; the suburb scores 26 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 13,138
- +4% over 5yr
- Median age
- 42 years
- Median household income
- $81,000/yr
- Households renting
- 28%
- Family households
- 71%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 20
- avg ICSEA 1136
- Unemployment
- 4.1%
- Distance to CBD
- 70 km
- Walk score
- 26/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Carrara
View all →Frequently asked questions about Carrara
What should I check before investing in Carrara?
Carrara has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +13.8% in the past year shows strong recent price momentum. 3-year capital growth of +44.3% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Carrara?
The median property price in Carrara, QLD 4211 is $1.3M for houses and $915K for units.
What does recent house price growth show for Carrara?
House prices in Carrara are up 13.8% over the past year and up 44.3% 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 Carrara?
The current vacancy rate in Carrara is 1.5%. 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 Carrara?
Carrara has a population of approximately 13,138 residents, with a median age of 42.
What schools are near Carrara?
There are 20 schools within roughly 5km of Carrara. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Carrara affordable to buy in?
A median house in Carrara costs about 16.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Carrara's population growing?
The population of Carrara has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Carrara from the CBD?
Carrara is about 70 km from the CBD.
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