Property value increases in Carlton have tracked just lower than the NSW average of 9.74% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Carlton comes in at number 463th in NSW.
Property buyers and investors in Carlton 2218 should be seeing an average reduction in asking price of around -4.29% . This means that Carlton is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Carlton have been waiting around 73.3 days to sell a property.
The NSW suburb of Carlton, 2218 is in the Kogarah local government area.
Giving property investors a an average capital gain of 3.34% for the last year, Carlton, 2218 is the 854th highest performer in Australia in this respect.
While Carlton,2218 ranked number 326th in NSW for increase in median house value (annualised) increase, it is ranked 294th 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 -4.12% below the asking price at the moment.
At number 535 in a list of fastest selling suburbs, Carlton is in the TOP 40% of suburbs in Australia with an average of days on market 65.34 for properties listed there.
With the median price for a house in Carlton being $649000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.77%
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.