Carlton is in the bottom 10% in NSW when comparing median price capital growth over the last year. Carlton gave property investors a dismal capital gain figure when compared to the rest of the state, with -2.42%.
The five-year average increase in median property values for Carlton,2218 has given property investors a potential capital gain of 78.57% across each of those five years.
Property investors looking for a bargain in Carlton should be aiming for at least -4.29% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $565 mark per week – giving a return of 2.35% based on the median price in Suburb
Carlton has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.76% to date .
Carlton,2218 has offered an average of 4.76% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Carlton are currently offering property investors an average price cut of -4.01% below the asking price at the moment.
The NSW suburb of Carlton, 2218 is in the Kogarah local government area.
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.