Carramar

Carramar is a suburb with a total population of 3,475 residents. The majority of residents fall within the age groups of 20 to 64 years, indicating a working-age population. Commuting via motor vehicles is the most common mode of transport, with a significant percentage also working from home. The suburb has a diverse range of occupations, with professionals, technicians and trades workers, and community and personal service workers being the top three occupations. The educational advantage of students in government schools falls around the 25th percentile. For house investors, Carramar presents an opportunity with a moderate yield and a relatively low vacancy rate. The suburb has shown consistent median growth over the years, making it potentially suitable for long-term investment. With a significant demand for renting out rooms and a healthy room demand-supply ratio, homeowners may consider exploring shared accommodation options. On the other hand, unit investors can benefit from a higher rental yield and a lower discount median, indicating strong demand in the market. Carramar offers a vibrant community with a focus on working professionals and families. The suburb's strong rental market and steady growth trajectory make it attractive for investors looking for a stable return on investment. Residents enjoy good access to public transport and have the flexibility to work from home. The diverse range of occupations and the educational advantage of students in government schools contribute to the overall livability of Carramar. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022