Over the last year, property investments in Carlton, 2218 have given investors a capital gain of -3.42%. This compares very badly with the 7.28% for NSW as a whole.
Comparing Carlton,2218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Carlton, 2218 is offering NSW ‘s 1078th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
With the median price for a house in Carlton being $1227500 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 2.33%
Carlton has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.07% to date .
While Carlton,2218 ranked number 183th in NSW for increase in median house value (annualised) increase, it is ranked 234th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Carlton is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 225th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $5520 per annum or $460 every week.
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.