Carrington Property Management
Carrington is a suburb of Newcastle city in New South Wales, Australia.
This small suburb has about 2,000 people according to 2016 census. This suburb has residential, commercial and industrial development. It is physically separated by other suburbs and is accessible by Cowper Street Bridge over Throsby. It is pretty close to the CBD, port and harbour. It has many heritage-listed sites. Interestingly it was known as ‘wuna-r-tee” or the place of the mud crab by the Aborigines. This was a place for catching oysters and mud crabs in those days.
Carrington has many sporting facilities. It has Pat Jordan Oval and Connelly Park. There is a Rowing Club, Bowling Club and children’s play activities here. It is also a popular fishing spot along the Throsby Creek and Hunter River waterfront.
Carrington has a public school located on Young Street. It is close to Library branches at Hamilton and City Branch. It also has good bus service to CBD. Young Street has many businesses. Overall, Carrington is a good suburb with a number of amenities.
Real Estate in Carrington
Median selling price of homes currently is $670,000. This is at a decline of 6.4% compared to previous year. Median selling price of homes in 2017-18 was $701,247. Total of 34 houses were sold in the period Apr 2018 - Mar 2019. The sales of homes peaks in May and October. Average weekly home rental is $400 and is growing at 3.1% annually. Last year home rentals were 87.
An average unit in Carrington costs $835,000 and there is a whopping growth of 32.1%. Unit median price last year was $632,000. 23 units were sold in the last year. Current median weekly unit rent is $385 at a growth rate of 2.4%. Total rentals in the previous year were 39. Purchased and fully-owned properties comprise 58% of all real estate here. 40% of all properties are rented out as per 2016 data of ABS (Australian Bureau of Statistics).
Carrington is perfect for property management and has good albeit expensive real-estate options.
Population in Carrington
Carrington has a mix of youth, seniors and families. There are 76% couples. 45% of whom have no children, and 21% are one-parent homes. There are 350 seniors over 60. 450 people are between 40 to 59 years, and more than 775 people are between 20 to 39 years. 125 little children are below 5 years while there are 225 children and teens. 350 people earn $1500+ weekly. The same is between $500 to $1449 per week for 250 people. The remaining earn below $499 per week. 55% of the suburb’s residents are employed in either full-time or part-time work. 67% of the workers drive their car to work. 31% of the residents are not a part of the labour force.
As far as dwellings go, there are 10% flats, 27% semis/terraces and 62% separate houses here. 22% homes are fully owned. 28% people are purchasing homes and 44% are renting accommodations. If you are looking for property managers to help you invest wisely, No Bull Real Estate is the right choice for you. They specialise in Property Management and real estate investments.
For further information about real estate deals in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle. Buying, selling, leasing for residential, commercial, industrial property sell your local expert to buy, sell or lease contact today on 49552624 or www.nobullrealestate.com.au