Is Carrum Downs a nice place to live?

Carrum Downs is a delightful suburb that offers a harmonious blend of suburban tranquility and modern conveniences, making it a wonderful place to live. With its peaceful atmosphere and strong community spirit, it is particularly appealing to families seeking a supportive environment. The suburb is well-equipped with essential amenities, including shopping centers, schools, and healthcare services, ensuring that residents have everything they need close at hand. Its strategic location provides easy access to major transport routes, making commuting to the city or exploring the scenic Mornington Peninsula a breeze. The vibe in Carrum Downs is relaxed and welcoming, with a focus on community-oriented living. The suburb is known for its lush parks and recreational facilities, offering plenty of opportunities for outdoor activities and family outings. While it may not have the bustling nightlife of inner-city areas, it compensates with a serene lifestyle and a strong sense of belonging. Safety is generally not a major concern, contributing to the suburb's appeal for families and individuals looking for a secure place to call home. For families, Carrum Downs provides a nurturing environment with a variety of housing options, from modern developments to more established homes. The suburb's ongoing growth and development promise a bright future, with new housing estates and infrastructure improvements enhancing its livability. However, as with any growing area, residents may experience some trade-offs, such as occasional construction noise or increased traffic during peak times. Nonetheless, the benefits of living in Carrum Downs, with its family-friendly atmosphere and convenient amenities, make it a charming choice for those seeking a balanced lifestyle.

Is it expensive to live in Carrum Downs?

Living in Carrum Downs can be considered moderately affordable compared to other suburbs in Melbourne. The median house price is around $706,000, which is relatively reasonable when compared to the soaring prices in many inner-city areas. For those considering units, the median price is $580,000, making it a more budget-friendly option for first-time buyers or those looking to downsize. Renting in Carrum Downs is also fairly accessible, with the average rent for houses being $560 per week and $520 per week for units. When you compare this to the average wage in Carrum Downs, which is $85,000 per year, it suggests that a significant portion of income would be allocated towards housing costs. However, this is still more manageable than in many other parts of Melbourne. Overall, Carrum Downs offers a balance of affordability and convenience. While housing costs are a significant consideration, the suburb provides a more affordable alternative to the pricier areas closer to the city. If you're thinking of living in Carrum Downs, it's a viable option that offers good value for money while still being within reach of Melbourne's amenities.

Is Carrum Downs a good place to invest?

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Carrum Downs suburb profile

Carrum Downs is a rapidly growing suburb located in Melbourne's southeast, approximately 36km from the CBD. Known for its family-friendly atmosphere, it offers a mix of residential developments, parks, and recreational facilities. The suburb is well-serviced by local amenities, including shopping centers, schools, and healthcare services, making it an attractive option for families and professionals. Carrum Downs enjoys easy access to major transport routes such as the EastLink and Peninsula Link, providing convenient connectivity to the city and the Mornington Peninsula. Its blend of suburban tranquility and modern conveniences continues to draw new residents and investors.

Carrum Downs property market performance

Current median dwelling price$722,300Past 3 months

Property growth+7.0%Past 12 months

Carrum Downs has experienced a robust property market over the past 12 months, with house values rising by 12%, bringing the median house price to $818,600. In contrast, unit values have seen a modest increase of 1.6%, with the median unit price at $610,000. This indicates a stronger demand for houses in the area.

Sales activity has been active, with 83 houses and 31 units sold over the last 12 months. Houses are selling quickly, with a median of just 8 days on the market, while units take slightly longer at 13 days, reflecting a brisk market pace.

The rental market in Carrum Downs has shown moderate growth, with house rents increasing by 3.5% to an average of $590, while unit rents have remained stable at $500, indicating steady demand for rental properties.

	Houses	Units
Median price Past 3 months	$819K	$610K
Change in value Past 12 months	12.0%	1.6%
Sold Past 3 months	83	31
Median days on market Past 12 months	8	13
Average rent Past 12 months	$590	$500
Change in rent Past 12 months	3.5%	N/A

5 year median price trend for houses and units

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Carrum Downs demographics

Carrum Downs, located in Melbourne's southeastern suburbs, is a family-friendly area known for its community-oriented lifestyle and accessibility to both urban and coastal attractions. With a population of 21,976 and a median age of 36, the suburb is home to a mix of young families, professionals, and long-term residents. The median total household income of $1,658 per week reflects a comfortable standard of living, appealing to those seeking a balance between affordability and quality of life.

The suburb's housing landscape is characterized by a high rate of home ownership, with 49% of properties owned with a mortgage and 22.9% owned outright. This indicates a stable community with a significant proportion of residents investing in their homes. Rental properties make up 28.1% of the housing market, providing options for those who prefer flexibility or are new to the area.

Family dynamics in Carrum Downs are diverse, with 43.6% of households being couple families with children, and 32.8% being couple families without children. One-parent families account for 21.9% of the community, highlighting the suburb's inclusive nature. The presence of various family structures contributes to a supportive and vibrant community atmosphere, making Carrum Downs an attractive choice for families and individuals alike.

Carrum Downs infrastructure, key developments and investment opportunities

Carrum Downs is experiencing ongoing growth and development that could positively influence its property market. The suburb has seen the recent completion of several new housing estates, increasing housing supply and attracting new residents. The Carrum Downs Shopping Centre continues to expand, with new retail and dining options enhancing local amenities and potentially boosting property values in the surrounding area.

Infrastructure improvements include upgrades to local parks and reserves, such as new playground equipment and sports facilities at Banyan Reserve and Sandfield Reserve. These enhancements contribute to the suburb's livability and family-friendly appeal. Additionally, ongoing road upgrades along Frankston-Dandenong Road aim to improve connectivity and reduce traffic congestion, which could make Carrum Downs more attractive to commuters and increase demand for properties in the area.

Carrum Downs rental market trends

The rental market in Carrum Downs has experienced modest growth, with house rents increasing by 3.5% over the past year to $590 per week, while unit rents have remained stable at $500 per week. This stability, combined with the suburb's family-friendly environment and proximity to essential amenities, makes Carrum Downs an attractive option for renters seeking affordability and convenience.

Suburbs near Carrum Downs

Some popular suburbs near Carrum Downs include:

How does Carrum Downs compare to nearby suburbs?

Median house prices: Carrum Downs’s median house price is 16.3% higher than Frankston North’s.
Median unit prices: Carrum Downs’s median unit price is 3.4% lower than Seaford’s.
House price growth: Over the past 12 months, house prices in Carrum Downs have grown 5.6% higher than in Seaford.
Unit price growth: Property prices in nearby Seaford have risen 8.3% more than in Carrum Downs over the past year.
Selling speed for houses: Properties in Carrum Downs are selling 55.0% faster than in Seaford.
Selling speed for units: Properties in Carrum Downs are selling 26.7% faster than in Seaford.
Investment considerations: In Carrum Downs, the rental yield for house is 6.4% lower than the Melbourne average, while the rental yield for units is 13.4% lower.
House price growth: Over the past 12 months, house prices in Carrum Downs have grown 25.7% lower than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Carrum Downs have grown 1.2% higher than the average rate of growth for units across Melbourne.

Common questions about Carrum Downs

Is Carrum Downs a nice place to live?
Carrum Downs is a delightful suburb that offers a harmonious blend of suburban tranquility and modern conveniences, making it a wonderful place to live. With its peaceful atmosphere and strong community spirit, it is particularly appealing to families seeking a supportive environment. The suburb is well-equipped with essential amenities, including shopping centers, schools, and healthcare services, ensuring that residents have everything they need close at hand. Its strategic location provides easy access to major transport routes, making commuting to the city or exploring the scenic Mornington Peninsula a breeze.
The vibe in Carrum Downs is relaxed and welcoming, with a focus on community-oriented living. The suburb is known for its lush parks and recreational facilities, offering plenty of opportunities for outdoor activities and family outings. While it may not have the bustling nightlife of inner-city areas, it compensates with a serene lifestyle and a strong sense of belonging. Safety is generally not a major concern, contributing to the suburb's appeal for families and individuals looking for a secure place to call home.
For families, Carrum Downs provides a nurturing environment with a variety of housing options, from modern developments to more established homes. The suburb's ongoing growth and development promise a bright future, with new housing estates and infrastructure improvements enhancing its livability. However, as with any growing area, residents may experience some trade-offs, such as occasional construction noise or increased traffic during peak times. Nonetheless, the benefits of living in Carrum Downs, with its family-friendly atmosphere and convenient amenities, make it a charming choice for those seeking a balanced lifestyle.
Is it expensive to live in Carrum Downs?
Living in Carrum Downs can be considered moderately affordable compared to other suburbs in Melbourne. The median house price is around $706,000, which is relatively reasonable when compared to the soaring prices in many inner-city areas. For those considering units, the median price is $580,000, making it a more budget-friendly option for first-time buyers or those looking to downsize.
Renting in Carrum Downs is also fairly accessible, with the average rent for houses being $560 per week and $520 per week for units. When you compare this to the average wage in Carrum Downs, which is $85,000 per year, it suggests that a significant portion of income would be allocated towards housing costs. However, this is still more manageable than in many other parts of Melbourne.
Overall, Carrum Downs offers a balance of affordability and convenience. While housing costs are a significant consideration, the suburb provides a more affordable alternative to the pricier areas closer to the city. If you're thinking of living in Carrum Downs, it's a viable option that offers good value for money while still being within reach of Melbourne's amenities.
Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Carrum Downs a good place to invest?
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Choose the right real estate agents in Carrum Downs

There are 123 real estate agents working in Carrum Downs, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 51.5% of all sales in the past year.

Commission rates in Carrum Downs typically range from 1.55% to 2.61%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.