Carrai Real Estate, NSW, 2440 Armidale Regional

Thinking about buying in Carrai? Now could not be a better time, with just 52 residential dwellings it's a highly sought after location.

The average property price for this area is $701,000 with prices in this suburb ranging from $701,000 to $701,000.

Distance to the coast is 62 Km.

Carrai Real Estate Market Outlook

In Carrai there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Carrai is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Carrai leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Carrai the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

About

Properties For Sale

Local Schools


None within suburb boundary

(While the above schools are located with the suburb of Carrai there may also be nearby schools whose catchments cover this suburb)

Local Crime Rates


Average Local Climate by month


(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan4.020.828.860.088.65.224.1
Feb10.520.128.160.891.24.519.3
Mar11.918.926.763.192.54.515.8
Apr4.315.224.756.492.53.814.9
May3.01222.652.992.23.412.3
Jun3.39.820.154.091.53.711.0
Jul1.17.720.247.392.93.412
Aug1.78.021.243.092.03.715.2
Sept2.111.322.946.790.24.517.7
Oct3.514.024.153.890.74.620.7
Nov1.216.526.549.887.55.124.9
Dec6.519.027.457.988.55.223.0

source: Australian Government Bureau of Meteorology

Recently Sold Properties / House Prices

25-06-2020 $16,250 8201 KEMPSEY RD CARRAI 2440
16-04-2018 $150,000 1310 COCHRANE FIT CARRAI 2440
11-08-2017 $60,000 417 COCHRANE FIT CARRAI 2440
04-08-2017 $135,000 2152 COCHRANE FIT CARRAI 2440
07-07-2017 $240,000 300 WARRICK RD CARRAI 2440
08-01-2016 $60,000 1310 COCHRANE FIT CARRAI 2440
19-08-2011 $40,000 1310 COCHRANE FITR CARRAI 2440
22-02-2010 $135,000 1972 COCHRANE FIT CARRAI 2440

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