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