Investment property in Carrington has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.17%
While Carrington,2294 ranked number 318th in NSW for increase in median house value (annualised) increase, it is ranked 710th over the last 5 years.
Carrington2294 is located in NSW which offers an average discount of -5.53% to property investors. Carrington itself is showing figures that indicate -6.15% is the average achievable by property buyers investing in the suburb.
Carrington is 375th on a list of best yielding suburbs for rents in NSW with a 4.43% return
Property value increases in Carrington have tracked close to the NSW average of 6.59% over the last 12 months.
While Carrington,2294 ranked number 172th in NSW for increase in median house value (annualised) increase, it is ranked 394th over the last 5 years.
Sellers are offering property buyers an average discount of -2.26% to buyers in Carrington at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 6.07%, investors should hope to achieve an overall return of 4.11%