Property value increases in Caringbah have tracked just higher than the NSW average of 7.15% over the last 12 months.
Comparing Caringbah,2229 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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, 2229. Typically our figures indicate that -2.17% is being offered, which puts this NSW suburb at 3690th most discounted overall in Australia.
With the median price for a house in Caringbah being $1143000 and the advertised rent reaching $675 the gross rental yield for property investors calculates out to be 3.07%
Giving property investors a a solid capital gain of 12.76% for the last year, Caringbah, 2229 is the 282th highest performer in Australia in this respect.
While Caringbah,2229 ranked number 120th in NSW for increase in median house value (annualised) increase, it is ranked 221th over the last 5 years.
Sellers are offering property buyers an average discount of -3.36% to buyers in Caringbah at the moment, which is less than average for the rest of NSW.
In the last year 281 properties changed hands in Caringbah, which puts it as the 19th most active market in NSW when comparing the number of sales per suburb.
Caringbah, 2229’s gross rental yield is 3.64%