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Carramar suburb profile

Carramar is a suburban gem located in the Greater Western Sydney region, approximately 30km from the Sydney CBD. Known for its multicultural community and welcoming atmosphere, Carramar offers a mix of residential and commercial spaces. The suburb is well-connected by public transport, with its own train station providing easy access to surrounding areas. Carramar's local amenities include parks, schools, and shopping facilities, catering to the needs of families and individuals alike. Its diverse population and community spirit make Carramar a vibrant and inclusive place to live, attracting a wide range of residents.

Carramar property market performance

Current median dwelling price$650,250Past 3 months

Property growth+9.9%Past 12 months

Carramar’s property market has demonstrated mixed trends over the past 12 months. While house value changes reflect a 12.4% increase, there is no current median house price available. Unit values have seen a growth of 4.9%, with a current median price of $387,000.

Sales activity in Carramar has been moderate, with 8 houses and 14 units sold over the last 12 months. Properties are selling at varying speeds, with houses having a median time of 44 days on the market, while units are moving faster at 24 days, indicating stronger demand for units.

Rental trends have shown a notable increase in house rents, rising 10.1% over the last year with an average of $600, whereas unit rents have remained stable at $420, suggesting a steady demand in the rental market for units.

HousesUnits
Median price
Past 3 months
N/A$390K
Change in value
Past 12 months
12.4%7.3%
Sold
Past 3 months
514
Median days on market
Past 12 months
8627
Average rent
Past 12 months
$620$420
Change in rent
Past 12 months
15.9%N/A

5 year median price trend for houses and units

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Carramar demographics

Carramar, located in the Greater Western Sydney region, is a suburb that offers a blend of suburban tranquility and urban convenience. With a population of 3,475, Carramar is a close-knit community where families form a significant part of the demographic. The median age of 40 suggests a mature population, with many residents likely to be established in their careers or enjoying family life. The suburb's family-friendly nature is evident, with 43% of households being couple families with children, and a notable 27.4% comprising one-parent families, reflecting a supportive community environment.

The housing landscape in Carramar is diverse, with nearly half of the properties being rented, indicating a flexible living arrangement that caters to a variety of residents, including young families and professionals. Meanwhile, 23.9% of homes are owned outright, and 26.9% are owned with a mortgage, showcasing a stable property market that appeals to both long-term residents and new buyers. The median total household income of $1,073 per week suggests a modest economic profile, which aligns with the suburb's accessible and affordable living conditions.

Carramar's community is enriched by its cultural diversity and proximity to essential amenities, including schools, parks, and public transport options, making it an attractive location for those seeking a balanced lifestyle. The suburb's charm lies in its ability to offer a peaceful residential setting while still being connected to the broader Sydney metropolitan area, providing residents with the best of both worlds.

Suburbs near Carramar

Some popular suburbs near Carramar include:

How does Carramar compare to nearby suburbs?

  • Median house prices: Carramar’s median house price is 24.1% lower than Villawood’s.
  • Median unit prices: Carramar’s median unit price is 18.0% lower than Fairfield’s.
  • House price growth: Over the past 12 months, house prices in Carramar have grown 4.9% higher than in Villawood.
  • Unit price growth: Property prices in nearby Villawood have risen 3.9% more than in Carramar over the past year.
  • Selling speed for houses: Properties in nearby Villawood are selling 66.3% faster than in Carramar.
  • Selling speed for units: Properties in Carramar are selling 40.0% faster than in Villawood.
  • Investment considerations: In Carramar, the rental yield for house is 31.9% lower than the Sydney average, while the rental yield for units is 46.3% lower.
  • House price growth: Over the past 12 months, house prices in Carramar have grown 45.5% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Carramar have grown 55.5% lower than the average rate of growth for units across Sydney.

Choose the right real estate agents in Carramar

Currently, there are 35 real estate agents working in Carramar—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 35 agents sold 37.3% of all properties in Carramar over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Carramar typically charge a commission of 1.82% to 2.33%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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