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Carrum Property Investment Overview

Suburb research data for Carrum, VIC 3197 — median prices, rental yield and suburb signals. General information only.

Government Public Data Price 2025 Rent 2025
Median House Price
$1,100,500
2025 data
Gross Rental Yield
2.9%
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Weekly Rent
$620
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Renter Demand
50%
of residents rent
Vacancy Rate
1.0%
Low — tight market
Population
4,239
Suburb residents
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📍 Suburb Overview

State VIC
Postcode 3197
Median house price $1,100,500
Median unit price $762,500
Weekly rent (median) $620/wk (unlock cashflow model)
Gross yield 2.9% (unlock risk & score)
Renter % 49.6%
Vacancy rate 1.04%
Population 4,239
Median household income $90,064/yr
Owner-occupied 50.4%
Median age 40 yrs
Total dwellings 1,110

🛡️ Safety & Crime

Reported crime level Higher reported crime
Incidents / 1,000 residents 55

Carrum shows above-average reported crime compared with other VIC suburbs, based on 2024 state police data.

Source: VIC police / crime statistics. Reported offences vary by category and reporting practices — check current local figures before deciding.

Investment Signals

Confidence: High High

Multiple core metrics are available, including price, rent/yield and population or demand indicators.

Last updated: 2025 · Public suburb-level data coverage varies by location and source. Verify current figures before making property decisions.

✅ Low vacancy (1.0%) — tight rental market
⚠️ Higher reported crime (55 incidents/1,000 residents) — VIC reported data 2024
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Price History

Source: VIC_DTPLI_Quarterly. Suburb-level medians — not individual sale prices.

🏫 Schools

Schools in suburb 1
Primary 1
Secondary 0
Schools in Carrum
Carrum Primary School Primary · Government
School locations from state education departments / ACARA. List reflects schools located within the suburb.

🔄 Compare & Explore

Carrum's 2.9% gross rental yield is above the VIC median of 2.5%, across 753 VIC suburbs with public data.

Similar suburbs in VIC by price range, ranked by yield:

Doncaster East, VIC
4.6% yield
$789,000
Mulgrave, VIC
4.6% yield
$786,000
Bulleen, VIC
4.5% yield
$780,000
Mornington, VIC
4.5% yield
$800,000
Mornington, VIC
4.5% yield
$810,000
Port Melbourne, VIC
4.5% yield
$917,500
Compare with nearby Open comparison →
Best suburbs to invest in VIC View VIC shortlist →
Highest-yield Melbourne suburbs View ranking →
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💰 Cashflow Snapshot

80% LVR · 6.2% interest · indicative only — not financial advice
Purchase price $1,100,500
Deposit (20%) $220,100
Loan (80% LVR) $880,400
Weekly rent $620/wk
Annual rent income $32,240/yr
Est. annual interest -$••,•••
Mgmt fees + costs -$•,•••
Est. net cashflow +/- $••,•••/yr
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❓ Frequently Asked Questions

Is Carrum a good suburb to invest in?

Carrum has an average renter proportion and a low vacancy rate, suggesting tight rental demand. Use this data as a research signal only. Always conduct property-level due diligence and seek independent professional advice before making any investment decision.

What is the median house price in Carrum?

The median house price in Carrum is approximately $1,100,500 based on 2025 public data.

What is the rental yield in Carrum?

The indicative gross rental yield in Carrum is 2.9%, based on a median weekly rent of $620 against a median price of $1,100,500. This is general data only — actual yields vary by property, condition and market timing.

How does Carrum compare to other suburbs?

Use the suburb comparison tool to compare Carrum against other Australian suburbs by price, yield, vacancy and renter demand.

Is Carrum a safe suburb?

Carrum shows above-average reported crime compared with other suburbs in VIC, based on 2024 state police data. The reported crime rate is about 55 incidents per 1,000 residents. Always check current local crime statistics before deciding.

What schools are in Carrum?

Carrum has 1 known school, including Carrum Primary School. Catchments and enrolment policies change — confirm directly with each school.

Where does PropertyScoutAU get its suburb data?

PropertyScoutAU uses public and government datasets where available, including price, demographic and rental indicators. Coverage varies by suburb and some fields may be estimated or unavailable. See our data sources page for full details.

General information only. PropertyScoutAU provides suburb-level research data from government public sources. All figures are indicative medians and may not reflect current market conditions or individual property values. This is not financial, investment, legal or tax advice. Always verify independently and consult qualified professionals before making any property decision. About our data →