Carrum

Carrum is a growing suburb with a diverse age distribution, showing a robust population growth over the years. The majority of residents fall into the age groups of 20-44 years, indicating a young and vibrant community. The suburb offers various commuting options, with a significant proportion opting to work from home. The educational advantage of students in the area, as indicated by ICSEA percentile for government schools, is relatively high. For houses, Carrum presents a balanced market with moderate sale prices, decent rental yields, and a healthy market absorption rate. The suburb has potential for renovation projects due to a relatively high saleprice IQR ratio. For units, the market displays promising growth potential with a high market absorption rate and a steady increase in median prices over the years. Carrum offers a dynamic lifestyle with good growth prospects for both homebuyers and investors. With its diverse demographics, proximity to transport options, and educational advantages, it presents a compelling case for those looking to settle in a thriving community or capitalize on property investment opportunities. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022