One Of My Favourite Locations To Invest!

Suburb Details:

Yes I know this location isn't under $450,000 but I want to stay committed to bring you the best locations to invest into. Carrum Downs presents an appealing opportunity for property investors seeking options around the budget of $650-750k. The suburb's strategic location, approximately 36 kilometres from Melbourne's CBD, combined with its diverse economy and ongoing infrastructure developments, enhances its attractiveness. With a strong industrial base and recent projects aimed at improving connectivity, Carrum Downs is poised for potential growth, making it a suburb worth considering for astute investors who can hold on despite the negative cashflow.

Key Data Metrics ➕ 

_{*Note: Data derived from either DSR, Suburbs Finder or HTAG depending on reliability and availability of metrics. This is only a guide and best to cross-reference with other sources.}

Location & Infrastructure 🗺️ 

Located approximately 36 kilometres south-east of Melbourne's central business district, Carrum Downs offers residents convenient access to urban amenities while maintaining a suburban atmosphere. The suburb is well-connected through major roads such as the Frankston-Dandenong Road and the Mornington Peninsula Freeway. Completed infrastructure projects, like the Lathams Road Upgrade, aim to improve traffic flow, reduce travel times, and enhance connectivity for both residents and businesses. Additionally, the area boasts several shopping centres, educational institutions, and recreational facilities, contributing to a well-rounded community infrastructure.

Economic Diversity & Jobs 💵 

Carrum Downs, a suburb in Melbourne's south-east, has a diverse economy with a strong industrial and commercial presence. In 2021, 11,310 residents were employed, with 63% in full-time roles and 31% part-time. The suburb's economic output is notable, contributing $622 million to the local economy, with significant sectors including manufacturing, construction, and retail trade. While the area has a robust industrial base, there is a need for further diversification to enhance economic resilience.

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Example Property 🏚️ 

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Carrum Downs✅ 

• Good rental yields (For Melbourne) – The suburb offers solid rental returns, making it an attractive option for investors seeking positive cash flow.

• Falling SOM & DOM – Properties are being snapped up faster, indicating rising demand and increasing competition.

• Increasing hold periods – Owners and investors are holding onto properties for longer, suggesting confidence in the area’s long-term potential.

• Still relatively affordable – While prices are increasing, Carrum Downs remains more affordable compared to nearby suburbs, providing an accessible entry point for investors.

• Well-connected location – The suburb has access to key employment hubs, and a range of amenities, making it desirable for both homeowners and tenants.

Con’s Of Investing In Carrum Downs❌ 

• Higher entry price point – Prices are definitely higher than $450,000, making it less accessible for budget-conscious investors.

• Higher vacancy rate (around 2%) – While not extreme, this could indicate slightly weaker rental demand compared to tighter markets.

My Opinion🤔

Carrum Downs presents a strong investment case with solid rental yields, growing demand, and increasing property values. While the entry price has risen, it remains more affordable than many surrounding suburbs, making it an attractive option for investors looking for long-term growth. The suburb benefits from good infrastructure, connectivity to employment hubs, and a stable owner-occupier base. Although vacancy rates and unemployment are factors to consider, the falling stock on market and increasing hold periods indicate strong confidence in the area.

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Total Value: $1,299→ Today’s Price $35

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_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organisation. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}