All About Carrum Downs, Frankston, VIC, 3201

Carrum Downs, a suburb located within the municipality of Frankston in Victoria, has witnessed a dynamic housing market characterized by steady growth and increasing demand over the past few years. With its relatively affordable real estate compared to other Melbourne suburbs, Carrum Downs attracts a diverse range of buyers, including young families, first-time homebuyers, and investors. The suburb offers a mix of housing options — from modern townhouses to spacious family homes, accommodating various lifestyle preferences. Recent infrastructure developments, along with improved public transport links, have amplified its appeal as a convenient suburban locale. However, the demand has also led to competitive property prices, compelling prospective buyers to act swiftly in a market with limited listings.

Living in Carrum Downs presents a balance of suburban tranquility and accessibility to urban amenities. The area is known for its community-centered environment, enhanced by an array of parks, recreational facilities, and local schools, making it particularly attractive to families. Residents enjoy the convenience of local shopping centers like the Carrum Downs Shopping Centre, as well as easy access to the beaches of the Mornington Peninsula and the natural beauty of nearby reserves. Moreover, proximity to major roads and public transport offers seamless connectivity to Melbourne's central business district, providing the best of both relaxation and urban access. The suburb's laid-back lifestyle, coupled with community events and a welcoming ambiance, contributes to its growing reputation as a desirable place to call home.

Carrum Downs Real Estate Market Outlook

Thinking about buying in Carrum Downs? Now could not be a better time, with 13454 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $814,000 with prices in this suburb ranging from $289,000 to $6,528,000. Carrum Downs is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Carrum Downs are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Carrum Downs provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Carrum Downs requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Carrum Downs we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Carrum Downs a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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