Suburb Profile Report for Carrington NSW (2294)

Carrington House: Median price $498,750, Annual capital growth 6.90%, Number of sales 42, Weekly median advertised rent $420

Carrington Unit: Median price $576,500, Annual capital growth 7.93%, Number of sales 18, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Carrington, 2294 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.84%.

When looking at the potential capital gains offered to property investors over the last 3 years, Carrington comes in at number 686th in NSW.

Vendor discounting in Carrington is giving property investors an average Vendor Discount of around -9.94%. This puts suburb at number 46th in NSW when ranking the most discounted suburbs.

At number 1176 in a list of fastest selling suburbs, Carrington is in the TOP 40% of suburbs in Australia with an average of days on market 66.64 for properties listed there.

The NSW suburb of Carrington, 2294 is in the Newcastle local government area.

Carrington has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.98% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Carrington comes in at number 125th in NSW.

Our latest figures would indicate that property sellers in Carrington are currently offering property investors an average price cut of -1.67% below the asking price at the moment.

In the last year 18 properties changed hands in Carrington, which puts it as the 460th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $450 mark per week – giving a return of 4.06% based on the median price in Suburb

HOUSE UNIT
$498,750 $576,500
6.12% 4.82%
7.84% 8.98%
6.90% 7.93%
$420 $450
42 18
4.38% 4.06%
66.64 35.57

Source: CoreLogic

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