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Carnes Hill, NSW 2171

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Carnes Hill, NSW 2171 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Carnes Hill, NSW 2171”

  1. The total adult population (15 years or older) of Carnes Hill 2171 NSW is 2,346, with a median age of 32. Of those, 61.42% are married, 6.91% are divorced or separated, 28.30% are single and 3.15% are widowed.

    The average household size is 3.8 people per dwelling, and the median household monthly income is estimated to be $10,336. The median monthly mortgage repayment for households in this suburb is $2,700 which is 26.12% of their earnings.

    Source: ABS Census Data (2021)

  2. CARNES HILL 2171, a suburb located in NSW, is home to approximately 1011 households. As we close Q3 of 2023, the property landscape reveals that typical house prices in the area stand at $1,258,848. The median weekly rent rests at $713, generating an indicative yield of around 2.95%.

    From a socio-economic perspective, CARNES HILL exhibits a robust IRSAD score of 1071 out of 1217, suggesting that the suburb’s residents enjoy a comfortable socio-economic status. The renter to owner ratio is an inviting 17%, demonstrating a well-balanced property landscape that’s not oversaturated with rental properties. Now, when it comes to the units to houses ratio, it’s at 0%, indicating that the market is predominantly dominated by houses heightening the appeal for families who favor longer tenancy periods.

    Understanding affordability is critical, and in CARNES HILL, the affordability index clocks in at 48 years. This means, on average, it would take a homeowner approximately 48 years to fully own a property factoring in interest rates, median family income, and property prices.

    As we navigate the supply dynamics, the stock on market Percentage for houses is slightly low at 0.37%, suggesting potential for growth. Moreover, the inventory level for houses is at 1.44 months, which falls in the favourable range indicating lower supply. The building approvals Ratio for houses is in balance at 0.49%.

    Taking a closer look at the demand metrics, the Average days on market for houses sits comfortably at 55 days, indicating a healthy level of demand. The combined vacancy rate for units and houses tips at 1.75%, hovering within the neutral range. The buy search index for houses is at 3, indicating that the demand is somewhat limited but still within the neutral scope.

    Overall, while CARNES HILL might present a slightly higher barrier to entry with its affordability index, the suburb exhibits strong potential for property investors, especially with its balanced renter to owner ratio, dominant house market, and favourable supply metrics. Monitoring the continued trend and leveraging tools like the RCS from HtAG Analytics to analyse over 80 metrics can provide vital ongoing insights.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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