With a capital gain of -3.94% for the last 12 months, Carlton, 2218 has performed for property investments than its average annual 8.97% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Carlton comes in at number 362th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Carlton itself are offering an average vendor discount of -4.11% to real estate investors.
Advertised rents are around the $550 mark per week – giving a return of 2.29% based on the median price in Suburb
NSW has seen average median house prices change by 6.07% which means that Carlton, 2218 has done well for property investors by showing a capital gain of -1.68% over the last year
Taking the average capital gain, or increase in median house value, Carlton,2218 has racked up an average of -1.68% over the period. This ranks it number 559th in the whole country for real estate investors looking at median house price increases.
At number 225th of NSW’s most discounted properties, Carlton is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 101 properties changed hands in Carlton, which puts it as the 150th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Carlton being $642000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 3.73%
Unlike its Melbourne namesake, south west Sydney suburb Carlton is closer to the ocean than it is to the CBD, being only 3km from Botany Bay but 13km from the city. It’s located in the St George government area, and offers excellent transport links to the city, with regular direct trains taking around 20 minutes to get to Central on the Illawarra line.Full summary
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Unlike its Melbourne namesake, south west Sydney suburb Carlton is closer to the ocean than it is to the CBD, being only 3km from Botany Bay but 13km from the city. It’s located in the St George government area, and offers excellent transport links to the city, with regular direct trains taking around 20 minutes to get to Central on the Illawarra line.
There are no major road connections near the suburb, although the M5 leading west is a short drive north, and the Princes Highway leading south can be reached through Sutherland Shire.
Carlton has a few amenities, with the main shopping centre being located on Railway Parade and Carlton Parade. Even so, there is a Westfield in nearby Hurstville and further cafes and restaurants a few minutes further up Railway Parade into Kogarah and Hurstville.
The St George hospital is also located on the border with Kogarah, and there are several public and private schools within Carlton and Kogarah. The suburb itself is quieter on the Carlton Parade side, with more parks and leafier streets: favourite streets amongst locals include Garfield Street to the south of Railway Parade, and Kitchener Street on the north side of the railway.
It’s a fairly multicultural suburb, with around 40% of residents born overseas in the most recent census. The top countries of birth were China (8.1%), Macedonia (4%) and Greece (3.4%). The suburb has a diverse population, although there is a dominance of families. Average weekly incomes are in line with the NSW average.
It’s affordability, therefore, which is the key to Carlton. Unit prices compare favourably with the neighbouring waterside suburbs, as well as being generally affordable for Sydney. This affordability also means that yields are relatively robust. Vacancy rates are low, suggesting there could be scope for rental growth. Either way, Carlton is a good choice for investors wanting affordable properties that combine proximity to the ocean with easy access to the CBD.