If you compare the increase in value of investment property in Carrington, 2294 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.96%.
Across a shorter period, Carrington, 2294 has seen a median price increase of 9.57% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Carrington is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in NSW
Residents and property investors in Carrington have been waiting around 68.84 days to sell a property.
Carrington, 2294’s gross rental yield is 4.24%
NSW has seen average median house prices change by 5.41% which means that Carrington, 2294 has done well for property investors by showing a capital gain of 10.59% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Carrington comes in at number 221th in NSW.
Carrington2294 is located in NSW which offers an average discount of -4.42% to property investors. Carrington itself is showing figures that indicate -1.48% is the average achievable by property buyers investing in the suburb.
In the last year 18 properties changed hands in Carrington, which puts it as the 467th most active market in NSW when comparing the number of sales per suburb.
Situated 65.43km from the CBD, Carrington is one of Newcastle localities in the postcode 2294.