Carrum Downs

Carrum Downs, VIC 3201 is a growing suburb with a diverse population. The area has a mix of age groups, with a significant number of residents aged 20-24 and 45-64 years. The median household income is above the national average, and there is good availability of public transport for daily commuting. For houses in Carrum Downs, the suburb shows promising potential for capital growth as indicated by the high market absorption rate. With a relatively low vacancy rate, there is stable demand for rental properties. The suburb also presents opportunities for renovators given the saleprice IQR ratio. For units, the market absorption rate suggests a healthy demand, while the affordability index indicates a good entry point for investors. Carrum Downs, VIC 3201 offers a balanced lifestyle with amenities and infrastructure suitable for both homeowners and investors. The suburb's property market shows growth potential, particularly for those considering house renovations or looking for affordable unit investments. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022