Question 1

Is Carrington a nice place to live?

Accepted Answer

Carrington is a compact riverside suburb of Newcastle with a strong maritime and light industrial character. Low-rise streets mix older weatherboard cottages and some modern infill with boatyards, wharves and converted industrial sites, and residents are drawn to riverside reserves and harbour views. The community of 2,061 people has a median age of 36 and a median household income of $1,766 a week; families are dominated by couples and owner-occupiers make up a slight majority while about 45.4% of homes are rented. It suits people who want close-to-the-water living without being far from the services and transport links of the city.

Everyday amenity is shaped by the harbour and ongoing port and foreshore work. The Port of Newcastle is advancing the Carrington Precinct Project with proposed upgrades to hardstand areas, marine works and electrical systems, and a high-voltage infrastructure upgrade is under way. City of Newcastle’s Carrington Greenspace Masterplan outlines staged foreshore walk and art-trail improvements, sports-precinct upgrades, investigations into an aquatic hub and potential boat-launch improvements, alongside recent foreshore remediation, a boat ramp with a floating pontoon and a refurbished footbridge.

Question 2

Is it expensive to live in Carrington?

Accepted Answer

Buying a house in Carrington looks relatively stretched against local incomes at the last Census. A median house price of $1,080,000 is about 11.8 times a typical local household's annual income at the last Census (weekly household income $1,766 ? annual $91,832). For renters, a house rent of $775 a week would take about 43.9% of that typical local weekly household income, a large share, while a unit rent of $520 a week would take about 29.5%, a moderate share. If you expect to rent rather than buy, the rent share is the most relevant figure; if you plan to buy, the price multiple is the key measure.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Carrington a good place to invest?

Accepted Answer

Over the past 12 months Carrington shows a clear split between prices and rents for houses. House values fell 5.4%, a solid decline, while house rents rose 11.5%, a strong increase. That means the capital value of houses has fallen over the year while the rental income those houses earn has risen; which of those outcomes matters more will depend on your own goals as an investor.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.08M	N/A
Change in value Past 12 months	-5.4%	N/A
Sold Past 3 months	13	1
Median days on market Past 12 months	30	N/A
Average rent Past 12 months	$775	$520
Change in rent Past 12 months	11.5%	N/A

Get a property report and suburb profile for any property in Carrington

Carrington suburb profile

Carrington property market performance

5 year median price trend for houses and units

Carrington demographics

Suburbs near Carrington

How does Carrington compare to nearby suburbs?

Choose the right real estate agents in Carrington

Get a head start and compare top local agents in Carrington

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market