Over the last year, property investments in Carlton, 2218 have given investors a capital gain of -7.31%. This compares badly with the -4.21% for NSW as a whole.
While Carlton,2218 ranked number 776th in NSW for increase in median house value (annualised) increase, it is ranked 834th over the last 5 years.
Carlton2218 is located in NSW which offers an average discount of -7.38% to property investors. Carlton itself is showing figures that indicate -9.39% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Carlton the average time real estate has been on the market is 59.913 days.
With the median price for a house in Carlton being $1205000 and the advertised rent reaching $605 the gross rental yield for property investors calculates out to be 2.61%
With a capital gain of -6.40% for the last 12 months, Carlton, 2218 has performed for property investments than its average annual 5.93% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Carlton has given property investors a paper return of -0.31%. This puts Suburb as 221 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Carlton is $643000, with sellers offering an average of -8.86% off the asking price.
In the last year 56 properties changed hands in Carlton, which puts it as the 192th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Carlton, 2218 is in the Georges River (A) local government area.
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Unlike its Melbourne namesake, south west Sydney suburb Carlton is closer to the ocean than it is to the CBD, being only 3km from Botany Bay but 13km from the city. It’s located in the St George government area, and offers excellent transport links to the city, with regular direct trains taking around 20 minutes to get to Central on the Illawarra line.
There are no major road connections near the suburb, although the M5 leading west is a short drive north, and the Princes Highway leading south can be reached through Sutherland Shire.
Carlton has a few amenities, with the main shopping centre being located on Railway Parade and Carlton Parade. Even so, there is a Westfield in nearby Hurstville and further cafes and restaurants a few minutes further up Railway Parade into Kogarah and Hurstville.
The St George hospital is also located on the border with Kogarah, and there are several public and private schools within Carlton and Kogarah. The suburb itself is quieter on the Carlton Parade side, with more parks and leafier streets: favourite streets amongst locals include Garfield Street to the south of Railway Parade, and Kitchener Street on the north side of the railway.
It’s a fairly multicultural suburb, with around 40% of residents born overseas in the most recent census. The top countries of birth were China (8.1%), Macedonia (4%) and Greece (3.4%). The suburb has a diverse population, although there is a dominance of families. Average weekly incomes are in line with the NSW average.
It’s affordability, therefore, which is the key to Carlton. Unit prices compare favourably with the neighbouring waterside suburbs, as well as being generally affordable for Sydney. This affordability also means that yields are relatively robust. Vacancy rates are low, suggesting there could be scope for rental growth. Either way, Carlton is a good choice for investors wanting affordable properties that combine proximity to the ocean with easy access to the CBD.