At number 203th 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 25.97% 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 125th in NSW.
The most recent median price for Caringbah is $1455000, with sellers offering an average of -5.97% off the asking price.
Caringbah, 2229’s gross rental yield is 2.39%
If you compare the increase in value of investment property in Caringbah, 2229 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.37%.
Over the longer term, Caringbah has seen property prices show investors a 23.19% return over the last 3 years. This is worse than over the last 12 months
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 -3.85% is being offered, which puts this NSW suburb at 1049th most discounted overall in Australia.
Residents and property investors in Caringbah have been waiting around 45.78 days to sell a property.
With the median price for a house in Caringbah being $677500 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.84%