At number 551th in the list of Australian suburbs ordered by increase in median house value over the last year, Carlton, 7173 is in the top 20% with a property value increase of 18.78% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Carlton has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Carlton are currently offering property investors an average price cut of -4.90% below the asking price at the moment.
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.31%, investors should hope to achieve an overall return of 5.90%