At number 266th in the list of Australian suburbs ordered by increase in median house value over the last year, Caringbah, 2229 is in the top 10% with a property value increase of 22.52% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Caringbah has increased when compared to the 5 year average annual rate.
The most recent median price for Caringbah is $1360000, with sellers offering an average of -4.43% off the asking price.
On average over the past year, suburb has had 8.25 sales per month, which equates to 99 per year.
At number 812th in the list of Australian suburbs ordered by increase in median house value over the last year, Caringbah, 2229 is in the top half with a property value increase of 3.79% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Caringbah comes in at number 263th in NSW.
Caringbah2229 is located in NSW which offers an average discount of -4.23% to property investors. Caringbah itself is showing figures that indicate -3.51% is the average achievable by property buyers investing in the suburb.
At number 113 in a list of fastest selling suburbs, Caringbah is in the TOP 10% of suburbs in Australia with an average of days on market 38.14 for properties listed there.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 7.00%, investors should hope to achieve an overall return of 3.72%