Why is Carlton so much more expensive than Penshurst?

Hi Low,

Carlton is a much more desirable suburb over Penshurst and you are right it is a lot more expensive as it should be.
Carlton neighbours highly desirable exclusive water front suburbs such as Kogarah bay , as opposed to Penshurst that neighbours what I would describe as “modest” and affordable mum and dad suburbs such as Peakhurst .

The simple answer to your question is Carton is more expansive because it is a lot better in so many different ways.