Property investors who have had real estate in Caringbah South, 2229 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 13.10%
If we look at median property appreciation over just the last three months, Caringbah South has given property investors a paper return of 5.98%. This puts Suburb as 224 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Caringbah South, 2229. Typically our figures indicate that -7.29% is being offered, which puts this NSW suburb at 1119th most discounted overall in Australia.
On average over the past year, suburb has had 12.58 sales per month, which equates to 151 per year.
With the median price for a house in Caringbah South being $1640000 and the advertised rent reaching $800 the gross rental yield for property investors calculates out to be 2.54%
Caringbah South is in the TOP 10% in NSW when comparing median price capital growth over the last year. Caringbah South gave property investors a very good capital gain figure when compared to the rest of the state, with 22.69%.
While Caringbah South,2229 ranked number 378th in NSW for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.
Vendor discounting in Caringbah South is giving property investors an average Vendor Discount of around -4.45%. This puts suburb at number 228th in NSW when ranking the most discounted suburbs.
The NSW suburb of Caringbah South, 2229 is in the Sutherland Shire local government area.