Carrington has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 24.72% to date .
Over the longer term, Carrington has seen property prices show investors a 36.86% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Carrington itself are offering an average vendor discount of -16.69% to real estate investors.
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.86%, without taking into account capital value appreciation, which has been averaging out at 9.25%.
Property investors who have had real estate in Carrington, 2294 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.64%
Our latest figures would indicate that property sellers in Carrington are currently offering property investors an average price cut of -1.40% below the asking price at the moment.
Using the current median advertised rental of $492.5 and the average annual increase in value of a median property of 5.97%, investors should hope to achieve an overall return of 4.33%