Suburb Profile Report for Carrington NSW (2294)

Carrington House: Median price $596,000, Annual capital growth 8.79%, Number of sales 54, Weekly median advertised rent $430

Carrington Unit: Median price $602,500, Annual capital growth 5.56%, Number of sales 16, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 26.81% for the last 12 months, Carrington, 2294 has performed for property investments than its average annual 8.79% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Carrington comes in at number 707th in NSW.

Property investors looking for a bargain in Carrington should be aiming for at least -16.69% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 118.06km from the CBD, Carrington is one of Newcastle localities in the postcode 2294.

Carrington is an average performer in NSW when comparing median price capital growth over the last year. Carrington gave property investors a average capital gain figure when compared to the rest of the state, with 9.55%.

Across a shorter period, Carrington, 2294 has seen a median price increase of 1.77% over the last quarter.

Property investors looking for a bargain in Carrington should be aiming for at least -1.75% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 5.56%, investors should hope to achieve an overall return of 4.14%

Metrics i HOUSE UNIT
$596,000 $602,500
2.76% 1.77%
26.81% 9.55%
8.79% 5.56%
$430 $480
54 16
3.75% 4.14%
54.64 46.86

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 1877
Median household income ($/weekly) 1059
Median age of persons 33
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 167 8.9
    25-34 years 433 23.1
    35-44 years 263 14.0
    45-54 years 207 11.0
    55-64 years 204 10.9
    Others 600 32.0
    Age Group
    Census Count Percent(%)
    Not Married 777 55.5
    Registered Married 401 28.6
    Defacto Relationship 223 15.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1554 90.0
    Papua New Guinea 16 0.9
    Philippines 11 0.6
    United Kingdom 58 3.4
    Other 39 2.3
    Others 48 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 1.9
    Christianity 1042 63.5
    Hinduism 6 0.4
    Other Religious Groups 9 0.5
    No Religion 547 33.3
    Others 6 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 70 9.9
    $400-$599 74 10.5
    $600-$799 73 10.3
    $1,000-$1,249 69 9.7
    $1,500-$1,999 77 10.9
    Others 345 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 588 40.0
    Not in the labour force 482 32.8
    Employed, worked part-time 266 18.1
    Unemployed, looking for work 68 4.6
    Employed, away from work 67 4.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 253 27.5
    Technicians & trades workers 107 11.6
    Community & personal service workers 122 13.3
    Clerical & administrative workers 120 13.0
    Labourers 89 9.7
    Others 229 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 28 7.1
    Infants/Primary 86 21.8
    Secondary 71 18.0
    Technical or Further Educational Institution 55 13.9
    University or other Tertiary Institutions 145 36.7
    Others 10 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1158 68.2
    Semi-detached, row or terrace house, townhouse 395 23.2
    Flat, unit or apartment 140 8.2
    House or flat attached to a shop, office 6 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 371 47.7
    Being purchased 222 28.5
    Fully owned 179 23.0
    Other tenure type 6 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals