Caringbah South is an average performer in NSW when comparing median price capital growth over the last year. Caringbah South gave property investors a average capital gain figure when compared to the rest of the state, with 10.69%.
Taking the average capital gain, or increase in median house value, Caringbah South,2229 has racked up an average of 10.69% over the period. This ranks it number 660th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Caringbah South is $1450000, with sellers offering an average of -5.25% off the asking price.
On average over the past year, suburb has had 13.75 sales per month, which equates to 165 per year.
Using the current median advertised rental of $750 and the average annual increase in value of a median property of 6.91%, investors should hope to achieve an overall return of 2.69%
Investment property in Caringbah South has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.00%
The five-year average increase in median property values for Caringbah South,2229 has given property investors a potential capital gain of 63.27% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Caringbah South is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 225th in terms of most discounted suburbs in NSW
A $670 per week rent on the median house gives suburb investors a gross yield of circa 2.90%, without taking into account capital value appreciation, which has been averaging out at 7.08%.