With a capital gain of -1.74% for the last 12 months, Carlingford, 2118 has performed for property investments than its average annual 8.82% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Carlingford,2118 has racked up an average of -1.74% over the period. This ranks it number 3003th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Carlingford is offering property investors an average of -7.19. This rate of discount on properties puts Suburb at number 37th in terms of most discounted suburbs in NSW
Carlingford has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.45% to date .
Comparing Carlingford,2118 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Carlingford is giving property investors an average Vendor Discount of around -7.10%. This puts suburb at number 131th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Carlingford the average time real estate has been on the market is 93.5325 days.
Renters in Suburb are facing rents around $27040 per annum or $520 every week.
Information supplied by:
Median unit price: $735,000
Stock on market: 26.3%
12-month growth: 3.1%
Growth is slowing in the suburb of Carlingford in the Parramatta City LGA as stock in the market rises.
The number of houses for sale rose for 49 to 63 in the 12 months to September 2018, while the number of units soared to over 100 from 88. The unit price increase for this period came in at just 2.7%.
This suburb has a long history, having been in existence since the 1880s. There are many heritage sites here, including Brush Farm, the building and cottage of the Carlingford Public School and the local cemetery. There are also natural historic sights like Galaringi Reserve and Mobbs Hill Reservoir. Pennant Hills Road makes up the commercial centre of Carlingford, being the site of the suburb’s shopping district. The train station at Carlingford is the terminus of the Carlingford railway line.