At number 201th 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 23.18% 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 128th in NSW.
LACK OF BUYER INTEREST may well be the reason that Caringbah is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 770th 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 2.57%, without taking into account capital value appreciation, which has been averaging out at 8.99%.
With a capital gain of 4.88% for the last 12 months, Caringbah, 2229 has performed for property investments than its average annual 6.70% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Caringbah has given property investors a paper return of -0.30%. This puts Suburb as 420 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Caringbah is $668000, with sellers offering an average of -3.41% off the asking price.
In the last year 311 properties changed hands in Caringbah, which puts it as the 21th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $5880 per annum or $490 every week.