With a capital gain of 3.86% for the last 12 months, Carlton, 2218 has performed for property investments than its average annual 8.85% property growth over the last 5 years.
Over the longer term, Carlton has seen property prices show investors a 26.05% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Carlton 2218 should be seeing an average reduction in asking price of around -10.28% . This means that Carlton is holding prices well when compared to other suburbs in NSW.
Carlton is 1002th on a list of best yielding suburbs for rents in NSW with a 2.45% return
At number 519th in the list of Australian suburbs ordered by increase in median house value over the last year, Carlton, 2218 is in the top 30% with a property value increase of 9.68% recorded in median house prices.
If we look at median property appreciation over just the last three months, Carlton has given property investors a paper return of 4.62%. This puts Suburb as 104 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Carlton is giving property investors an average Vendor Discount of around -4.90%. This puts suburb at number 74th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $480 mark per week – giving a return of 3.67% based on the median price in Suburb
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.Full summary
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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.