Carrum Downs (postcode 3201) is a sizeable suburb in Victoria within the Frankston local government area. The area has roughly 21,976 residents and a blend of families and working-age professionals, with a median age of 36. Households earn a median income of $86K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Carrum Downs is $720,000, having risen modestly by 0.5% over the past year. Units have a median price of $601,000 (+3.5% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,733.
Carrum Downs is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1003, which is around the national average of 1,000. Public transport access includes 1 rail station, 104 bus stops. The crime rate in the Frankston LGA is higher than average at 11,751 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.0% (moderate yield). Property prices are near the state median ($720K/$850K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +0.5% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.