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Suburb Insights ยท VIC 3844

Carrajung Lower 3844, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Carrajung Lower is a regional centre in Victoria, Australia, with a population of approximately 129, making it a boutique locality. Located approximately 168 km from the Melbourne CBD, Carrajung Lower is a regional area in Victoria. The median household income is $53,092 AUD per year (ABS 2021 Census).

Investment Score

23 / 100 Weak

Household earnings in Carrajung Lower are below the state average, which may affect long-term capital growth. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Carrajung Lower, Victoria, Australia.

Key Indicators

Postcode
3844

Official Australia Post postcode for Carrajung Lower. A postcode may cover multiple suburbs.

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Population
129

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$250/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$53,092/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
168 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,237/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
76% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Carrajung Lower serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $250/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,237/month. 76% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Capital growth in Carrajung Lower may be constrained โ€” consider alternative strategies.

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Rental Yield

Carrajung Lower's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

Renovation or flip strategies in Carrajung Lower face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Carrajung Lower property

Full Property Analysis

30-year projections for Carrajung Lower

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Carrajung Lower is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Carrajung Lower may face longer tenant search times; competitive pricing will be important. Investor sentiment toward Carrajung Lower is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Carrajung Lower a good suburb for investment?

Carrajung Lower is a regional area in Victoria with a population of 129. The median rent is $250/week and the median household income is $53,092/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Carrajung Lower?

Key demand drivers in Carrajung Lower include regional employment hubs, lifestyle, and affordability. 76% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Carrajung Lower?

According to the ABS 2021 Census, Carrajung Lower has a population of approximately 129. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Carrajung Lower from the Melbourne CBD?

Carrajung Lower is approximately 168 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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