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%