Suburb Profile Report for Carlton NSW (2218)

Carlton House: Median price $1,227,500, Annual capital growth 8.82%, Number of sales 65, Weekly median advertised rent $550

Carlton Unit: Median price $638,000, Annual capital growth 7.77%, Number of sales 92, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

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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.Full summary

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.

Close
Metrics i HOUSE UNIT
$1,227,500 $638,000
0.61% 2.90%
-3.42% -2.07%
8.82% 7.77%
$550 $460
65 92
2.33% 3.75%
89.28 70.32

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Carlton NSW
Demographics
Total population 9808
Median household income ($/weekly) 1320
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1174 12.0
    25-34 years 1553 15.8
    35-44 years 1507 15.4
    45-54 years 1415 14.4
    55-64 years 1111 11.3
    Others 3049 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 3932 53.2
    Not Married 3076 41.6
    Defacto Relationship 389 5.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4615 50.0
    Croatia 1130 12.2
    Germany 363 3.9
    Hong Kong 306 3.3
    Other 877 9.5
    Others 1947 21.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 486 5.4
    Christianity 5611 62.4
    Hinduism 324 3.6
    Islam 701 7.8
    No Religion 1788 19.9
    Others 88 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 265 8.7
    $600-$799 314 10.3
    $1,000-$1,249 288 9.5
    $1,500-$1,999 418 13.7
    $2,000-$2,499 313 10.3
    Others 1443 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3060 40.7
    Not in the labour force 2558 34.0
    Employed, worked part-time 1303 17.3
    Unemployed, looking for work 305 4.1
    Employed, away from work 291 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 449 9.6
    Professionals 1083 23.3
    Technicians & trades workers 603 13.0
    Clerical & administrative workers 799 17.2
    Sales 448 9.6
    Others 1272 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 156 6.7
    Infants/Primary 729 31.5
    Secondary 577 25.0
    Technical or Further Educational Institution 262 11.3
    University or other Tertiary Institutions 498 21.5
    Others 90 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4820 52.4
    Flat, unit or apartment 3141 34.1
    Semi-detached, row or terrace house, townhouse 1204 13.1
    House or flat attached to a shop, office 35 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1103 33.8
    Being purchased 1075 32.9
    Rented 1069 32.8
    Other tenure type 17 0.5
    Tenure Type
Census 2011, ABS
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