Carlton, 2218 ranked 1225th in NSW when comparing growth in median property values or capital gain over the last 12 months. Carlton is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Carlton,2218 has racked up an average of -0.24% over the period. This ranks it number 1396th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Carlton 2218 should be seeing an average reduction in asking price of around -7.48% . This means that Carlton is holding prices well when compared to other suburbs in NSW.
Situated 13.92km from the CBD, Carlton is one of Kogarah localities in the postcode 2218.
If you compare the increase in value of investment property in Carlton, 2218 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.84%.
If we look at median property appreciation over just the last three months, Carlton has given property investors a paper return of 0.15%. This puts Suburb as 382 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Carlton, 2218. Typically our figures indicate that -4.08% is being offered, which puts this NSW suburb at 972th most discounted overall in Australia.
Often selling an investment property can take time, and in Carlton the average time real estate has been on the market is 53.62 days.
Using the current median advertised rental of $475 and the average annual increase in value of a median property of 8.01%, investors should hope to achieve an overall return of 3.80%
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.