Carrington Falls is a quiet locality in New South Wales within the Kiama local government area (postcode 2577). With a population of 32, the suburb has an older demographic with a median age of 56. Households earn a median income of $98K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Carrington Falls is $318,000, having dropped significantly 84.2% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 11.5%.
Public transport access includes 1 bus stop. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Carrington Falls offers a gross rental yield of 11.5%, rated as high yield. Property prices sit below the state median ($318K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.3x is considered affordable. House prices have moved -84.2% year-on-year.
Carrington Falls is a quiet locality in New South Wales within the Kiama local government area (postcode 2577). With a population of 32, the suburb has an older demographic with a median age of 56. Households earn a median income of $98K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Carrington Falls is $318,000, having dropped significantly 84.2% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 11.5%.
Public transport access includes 1 bus stop. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Carrington Falls offers a gross rental yield of 11.5%, rated as high yield. Property prices sit below the state median ($318K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.3x is considered affordable. House prices have moved -84.2% year-on-year.