Suburb Profile Report for Carrington NSW (2294)

Carrington House: Median price $515,000, Annual capital growth 7.70%, Number of sales 44, Weekly median advertised rent $420

Carrington Unit: Median price $610,000, Annual capital growth 7.17%, Number of sales 19, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 995th in the list of Australian suburbs ordered by increase in median house value over the last year, Carrington, 2294 is in the top 30% with a property value increase of 10.75% recorded in median house prices.

The five-year average increase in median property values for Carrington,2294 has given property investors a potential capital gain of 48.31% across each of those five years.

Carrington2294 is located in NSW which offers an average discount of -5.49% to property investors. Carrington itself is showing figures that indicate -9.94% is the average achievable by property buyers investing in the suburb.

In the last year 44 properties changed hands in Carrington, which puts it as the 724th most active market in NSW when comparing the number of sales per suburb.

Carrington is 413th on a list of best yielding suburbs for rents in NSW with a 4.24% return

Giving property investors a a solid capital gain of 13.59% for the last year, Carrington, 2294 is the 252th highest performer in Australia in this respect.

The five-year average increase in median property values for Carrington,2294 has given property investors a potential capital gain of 31.89% across each of those five years.

At number 462th of NSW’s most discounted properties, Carrington is in the TOP 10% of the state/territory when listing in order of most discounted to least.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 4.09%, without taking into account capital value appreciation, which has been averaging out at 7.17%.

HOUSE UNIT
$515,000 $610,000
6.74% 8.44%
10.75% 13.59%
7.70% 7.17%
$420 $480
44 19
4.24% 4.09%
72.57 41

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (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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