At number 2536th in the list of Australian suburbs ordered by increase in median house value over the last year, Cabarita, 2137 is in the BOTTOM 40% with a property value increase of 2.27% recorded in median house prices.
A 117.43% growth in median value for property investors in Cabarita,2137 puts this suburb at number 1325th in terms of best performing suburbs in NSW
In the last year 15 properties changed hands in Cabarita, which puts it as the 1265th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Cabarita being $2500500 and the advertised rent reaching $810 the gross rental yield for property investors calculates out to be 1.68%
Property investors who have had real estate in Cabarita, 2137 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.06%
While Cabarita,2137 ranked number 218th in NSW for increase in median house value (annualised) increase, it is ranked 60th over the last 5 years.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
Using the current median advertised rental of $850 and the average annual increase in value of a median property of 7.81%, investors should hope to achieve an overall return of 2.97%