All About Carrum, Kingston (Vic.), VIC, 3197

Carrum, a suburb within the City of Kingston in Victoria, Australia, offers an appealing blend of coastal charm and suburban convenience that has made its housing market particularly attractive. Over recent years, Carrum's property market has experienced significant growth, driven in part by its desirable location along the picturesque shores of Port Phillip Bay. This beachfront proximity, coupled with improvements in public transport connectivity such as the recent upgrades to Carrum Station, has enhanced its appeal to a diverse range of buyers, from young professionals and families to retirees seeking a relaxed lifestyle. The market reflects a mix of modern developments, family homes, and units, with prices varying to cater to various budget preferences. As demand continues to rise, Carrum remains a competitive market where properties often command attention soon after being listed.

Living in Carrum provides residents with a unique lifestyle characterized by a strong sense of community, access to natural beauty, and recreational opportunities. The suburb's beach is a focal point, offering a pristine setting for swimming, picnics, and leisurely walks along the sand. Complementing this is the nearby Patterson River, which is popular for boating and fishing activities. Carrum's friendly village atmosphere is bolstered by local amenities such as cafes, parks, and shopping facilities, all of which contribute to a sense of leisure and convenience. Furthermore, the recent revitalization efforts, including the modernized transport system and improved infrastructure, have elevated the overall living experience. These factors, combined with a diverse and welcoming community, make Carrum a highly desirable place to call home.

Carrum Real Estate Market Outlook

Thinking about buying in Carrum? Now could not be a better time, with 2967 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,237,000 with prices in this suburb ranging from $409,000 to $5,675,000. Carrum is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Carrum ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Carrum 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 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 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 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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