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Carlton, NSW 2218

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 Carlton, NSW 2218 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

2BR

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 “Carlton, NSW 2218”

  1. The total adult population (15 years or older) of Carlton 2218 NSW is 8,987, with a median age of 38. Of those, 50.12% are married, 11.53% are divorced or separated, 34.08% are single and 4.32% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,300. The median monthly mortgage repayment for households in this suburb is $2,167 which is 26.11% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Carlton 2218 is home to an estimated 4,903 households. As we move through Q3 of 2023, market data reveals that typical prices for houses in Carlton currently stand at an impressive $1,570,067. There is a median weekly rent of $573, which together with the property values produces an indicative yield of 1.9%.

    Carlton has a socio-economic score of 1021 out of 1217 as determined by the IRSAD. This above-average score points towards a population with access to good economic resources, which can contribute to high income levels and skilled professions.

    A key factor in evaluating Carlton as a potential investment locale is the renter to owner ratio, which sits at a favourable 26%. This is under the 30% threshold that many investors consider to be the mark of an over-saturated rental market, suggesting less competition and potential for better long term returns.

    However, investors should note that the units to houses ratio for Carlton is at 60%, which is above the favourable zone of 50% or lower. This high proportion of units could increase competition among landlords for tenants and potentially impact rental yields.

    When assessing the affordability of the area, the index for houses comes in at 74 years. This figure represents the estimated time needed to fully own a property, based on factors like current interest rates, median family income and typical property prices. Unfortunately, 74 years far exceeds the standard 30-year mortgage window and indicates decreased affordability in the area.

    Despite this, other supply metrics are looking favourable. Carlton’s stock on market Percentage for houses is just 0.15%, falling well below the 0.4% threshold for low supply markets. The suburb’s inventory level for houses is also low at 0.9 months, suggesting the property market readily absorbs new listings.

    The building approvals Ratio for houses, a measure of new dwelling stock entering the market, is at a fairly neutral 1.44%. Not ideal, but not signalling a market flood either.

    Demand in Carlton remains strong. On average, houses spend only 20 days on the market, indicating a high level of demand for properties in the suburb. The combined vacancy rate for houses and units is also revealing of strong demand, coming in at just 0.78% which is below the favourable vacancy rate of 1%. Carlton’s buy search index for houses also falls within the neutral range at 4, pointing to a steady demand from potential home buyers.

    In conclusion, Carlton shows several promising signs as a potential investment area, despite some challenges in terms of unit saturation and affordability. A more comprehensive assessment of the suburb’s potential can be obtained via HtAG Analytics’ Relative Composite Score metric, which calculates overall attractiveness based on over 80 different metrics.

    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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