Carrington

POSTAL CODE: NSW, 2294

HOUSE

UNIT

Property investors have seen a -3.54% drop in CARRINGTON based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains CARRINGTON, 2294 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $955,000

Profits averaged 2.33% per annum over a 3-year period, due to an upward trend in home prices in CARRINGTON, 2294.

This means, real estate investors could earn a rental income of $710 based on current median home prices for the suburb.

The gross rental yield in CARRINGTON, 2294 is 3.87%.

An average of 3.83 real estate transactions take place per month in CARRINGTON which translates to 46 per annum.

Property investments in CARRINGTON did not fare well against the rest of the country last year, registering a median home price decrease of -18.73%.

Figures from the previous quarter show that capital gains for real estate buyers in CARRINGTON are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CARRINGTON, 2294 saw average growth in the long term.

This means, real estate investors could earn a rental income of $725 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In CARRINGTON, homes and units usually stay on listing for an average of 78 days.

the NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $910,250

Investors saw the median home price rise to $910,250.

CARRINGTON ranks 317th on the list of best yielding suburbs for rental properties in NSW, posting a 4.14% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$955,000	$910,250
Growth Report
Median Quarterly	-3.54%	-8.08%
Median 12 month	-9.05%	-18.73%
Median 3 years	7.61%	0%
Median 5 years	41.48%	0%
10 years average annual	8.5%	6.22%
Weekly media advert. rent	$710	$725
Time on Market	66.5 days	78 days
Gross Rental Yield Percent	3.87%	4.14%

Demographics (Median Values)*

Total Population 1794

Weekly Household Income 757.3

Household Size 2.10

Average Age 35

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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