Carlton is in the bottom 30% in NSW when comparing median price capital growth over the last year. Carlton gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.79%.
Across a shorter period, Carlton, 2218 has seen a median price increase of 3.93% over the last quarter.
Our latest figures would indicate that property sellers in Carlton are currently offering property investors an average price cut of -3.29% below the asking price at the moment.
Often selling an investment property can take time, and in Carlton the average time real estate has been on the market is 88.63 days.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 5.41% which means that Carlton, 2218 has done well for property investors by showing a capital gain of -3.54% over the last year
While Carlton,2218 ranked number 301th in NSW for increase in median house value (annualised) increase, it is ranked 281th over the last 5 years.
Our latest figures would indicate that property sellers in Carlton are currently offering property investors an average price cut of -4.71% below the asking price at the moment.
Carlton is 388th on a list of best yielding suburbs for rents in NSW with a 3.77% return
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.