With a capital gain of 2.22% for the last 12 months, Carlton, 2218 has performed for property investments than its average annual 7.81% property growth over the last 5 years.
Across a shorter period, Carlton, 2218 has seen a median price increase of 2.85% over the last quarter.
Renters in Suburb are facing rents around $31200 per annum or $600 every week.
Property investors who have had real estate in Carlton, 2218 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.66%
Taking the average capital gain, or increase in median house value, Carlton,2218 has racked up an average of 1.66% over the period. This ranks it number 687th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -8.97% to buyers in Carlton at the moment, which is less than average for the rest of NSW.
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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.