Carrington Suburb Profile
2023 Suburb Profile: Carrington NSW 2294
Carrington is a vibrant and evolving suburb located just 5 kilometres west of the Newcastle’s CBD. Known for its historical charm, waterside location, and community-focused atmosphere, Carrington offers residents a unique blend of urban convenience and coastal tranquillity.
With a mix of residential properties, a range of amenities, and its proximity to the heart of Newcastle, Carrington has become a sought-after appealing destination for both families and professionals seeking a well-balanced lifestyle.
Carrington Property Market Guide
Property Types:
In Carrington you'll find a diverse range of property types that contribute to the suburb's unique character and appeal. Carrington is renowned for its charming historic workers cottages and row terrace housing. This is a testament to the suburbs industrial past, showcasing distinctive elective architectural details or often lovingly restored. The most common property type in Carrington is a 2-3 bedroom house/terrace built in the early 1900’s. Most of the older style home have smaller than average floorplans given the needs of home-owners at the time.
Median Property Value:
Depending on the property type and number of bedrooms, freestanding houses/terraces can range from $700,000 (for a rundown property) to well above $1.5 million. The median property value would sit in the vicinity of $1,000,000. This reflects the suburbs desirability, location and unique character of its hosing stock.
Rental Prices:
The median rental price for properties in Carrington is around $600 per week, making it an attractive option for renters looking for proximity to the city whilst enjoying the waterfront serenity. Property owners can expect to see rental yields in the 3.3-3.8% vicinity, which is less desirable than other areas of the city.
Future Growth Prospects:
Carrington's future growth prospects remain promising. Carrington’s proximity to Newcastle’s CBD is a significant driver for its growth, appealing to professionals and families seeking shorter commutes to work. The suburb also has ongoing urban renewal initiatives aimed at preserving its historical character whilst modernizing infrastructure. These initiatives attract investment and development, potentially leading to improved amenities, upgraded public spaces, and increased property values. Carrington’s unique blend of historical charm, waterside location and community focused atmosphere add to its allure and rising demand/growth.
Schools
Carrington is home to a few educational institutions that serve the needs of its residents:
St Francis Xavier’s College (Hamilton)
Newcastle High School (Newcastle)
While Carrington might not have an extensive range of schools within its boundaries, its proximity to the broader Newcastle area ensures that residents have access to a wider selection of highly rated schools.
Distance to CBD and Closest Beach
Carrington is located approximately 5 kilometres (about a 10 minute drive or 20min bike ride) from Newcastle’s CBD. Offering easy access to several shopping centres, entertainment options and employment opportunities. The closest beach to Carrington is Nobby's Beach, located about 6 kilometres east of Carrington, offering a picturesque coastal escape.
Local Cafes, Bars, and Restaurants
Carrington offers a number of vibrant community driven cafes, bars and restaurants. Some popular places to dine in the suburbs include:
Public Spaces
Carrington provides various public spaces for outdoor activities and relaxation. Some of the popular public spaces in the suburb include:
Carrington Foreshore: picturesque waterfront area along the hunter river with walking path, grassy areas and benches.
Connelly Park: Features Tennis courts, a harbourside playground, park benches and picnic tables and public toilets etc.
Carrington’s attractive combination of historical significance, proximity to urban amenities, and serene coastal beauty make it a noteworthy suburb with a promising future. Whether you're looking to settle down, invest, or enjoy a leisurely lifestyle, Carrington offers a little something for everyone.
It's important to note that real estate market conditions can change over time, so it's advisable to consult with local real estate professionals or do further research for the most up-to-date information. You can contact us here if you have any questions specific to the local market.