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Suburb Insights · NSW 2294

Carrington, NSW 2294 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Carrington is a regional centre in New South Wales, Australia, with a population of approximately 2,061, making it a boutique locality. Located approximately 154 km from the Sydney CBD, Carrington is a regional area in New South Wales. The median household income is $71,500 per year.

Investment Score

30 / 100 Weak

Carrington's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Sydney
Carrington
New South Wales · 2294
154 km from Sydney CBD
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Key Indicators

Postcode
2294

Official Australia Post postcode for Carrington. A postcode may cover multiple suburbs.

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Population
2,061

Usual resident population at the most recent census.

Median weekly rent
$370/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$71,500/yr

Annual median household income (before tax) across all households.

Distance to CBD
154 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$1,365/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
67% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Why People Like Living in Carrington

Who Carrington Suits

👨‍👩‍👧FamiliesSchool count or dwelling mix is lighter here.
📊InvestorsRent covers a solid share of the median mortgage.
🏡First-home buyersEntry costs sit at or below the New South Wales median.
💼ProfessionalsLonger commute to the CBD.

Pros and Cons

Pros

  • Rent sits within an affordable share of local incomes, supporting tenant demand.
  • Mortgage costs are lower than the New South Wales median, improving cash-flow margins.
  • Lower purchase prices and more land for the money.

Cons

  • Long distance to the CBD (154 km) — plan for commute time or local employment.
  • Transport options are limited — car dependency is likely.
  • Fewer schools inside the suburb itself — verify catchments for neighbouring areas.

Investment Insight

Carrington is a smaller community of 2,061 — about 39% of the New South Wales suburb median (5,325) — so investors should factor in the narrower buyer pool and longer average time-on-market. Carrington's median household income of $71,500/year is 27% below the New South Wales suburb median ($97,552) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Median weekly rent of $370 equates to $1,603/month — about 117% of the median mortgage repayment of $1,365/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Carrington is 154 km from Sydney, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.

Investment Tip

This suburb suits yield-focused investors who are comfortable with lower liquidity. Employment concentration and local population trends matter more here than in metro markets. Local rents consume roughly 27% of household income — a useful sanity check on tenant affordability.

Carrington vs New South Wales Median

How Carrington stacks up against the median of all New South Wales suburbs in our dataset. Positive values mean Carrington sits above the state median; negative means below.

MetricCarringtonNSW medianΔ vs state
Population2,0615,325-61%
Median household income$71,500/yr$97,552/yr-27%
Median rent (weekly)$370$430-14%
Median mortgage (monthly)$1,365$2,167-37%
Distance to CBD154 km45 km+242%
Separate houses67%76%-9pp

Investor Checklist

Pre-inspection briefing for Carrington — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 2,061 means liquidity is thin and capital growth tends to lag the wider New South Wales market over full cycles.

Rental Yield

Strong rental coverage: $370/week (~$1,603/month) covers 117% of the $1,365/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.

⚠️
Renovation / Flip

With 67% houses in a 2,061-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.

Risk Factors

Run the numbers on a Carrington property

Full Property Analysis

30-year projections for Carrington

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital-growth expectations for Carrington are modest for 2026 — incomes 27% below the NSW median of $97,552 and a population of 2,061 suggest gains will lag headline metro markets. Rental coverage runs at ~117% of the typical mortgage ($1,603/month rent vs $1,365/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 30/100 places Carrington in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.

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Frequently Asked Questions

Is Carrington a good suburb for investment?

Carrington scores 30/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 2,061, median household income of $71,500/year and median weekly rent of $370. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Carrington?

The main demand drivers in Carrington are a median household income of $71,500/year, a dwelling mix that is 67% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Carrington?

Carrington has a usual resident population of approximately 2,061, compared with a New South Wales suburb median of 5,325 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Carrington from the Sydney CBD?

Carrington sits 154 km straight-line from the Sydney CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Carrington?

The most recent census recorded a median weekly rent of $370 in Carrington, equating to approximately $19,240/year in gross rental income (state median $430/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.

What is the typical mortgage repayment in Carrington?

The median monthly mortgage repayment in Carrington is $1,365, or approximately $16,380/year (vs $2,167/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Carrington cash-flow positive for investors?

A median weekly rent of $370 works out to $1,603/month, covering 117% of the median mortgage repayment of $1,365/month. That means rent exceeds the median repayment by roughly $238/month, so on these numbers Carrington leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.

What are the main risks of investing in Carrington?

The main risks are a thin buyer pool (2,061 residents), interest-rate sensitivity on the $1,365 median mortgage, below-median household incomes ($71,500 vs $97,552 state median), the broader New South Wales market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Carrington profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

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New South Wales Property Resources