Property investors who have had real estate in Carlingford, 2118 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.40%
Carlingford,2118 was ranked 1108 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Carlingford is offering property investors an average of -5.23. This rate of discount on properties puts Suburb at number 278th in terms of most discounted suburbs in NSW
If you compare the increase in value of investment property in Carlingford, 2118 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.81%.
While Carlingford,2118 ranked number 496th in NSW for increase in median house value (annualised) increase, it is ranked 391th over the last 5 years.
Property buyers and investors in Carlingford 2118 should be seeing an average reduction in asking price of around -5.75% . This means that Carlingford is holding prices well when compared to other suburbs in NSW.
In the last year 222 properties changed hands in Carlingford, which puts it as the 52th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Carlingford being $702000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 3.93%