Caringbah has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 16.36% to date .
Caringbah,2229 has offered an average of 16.36% return per annum in house price rises to property investors over the last three years.
Caringbah, 2229 is offering NSW ‘s 1162th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.
Property investors should expect to get $675 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Caringbah, 2229 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.71%.
If we look at median property appreciation over just the last three months, Caringbah has given property investors a paper return of 2.01%. This puts Suburb as 235 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Caringbah should be aiming for at least -3.81% off the asking price, which is the average vendor discount being achieved at the moment.
At number 160 in a list of fastest selling suburbs, Caringbah is in the TOP 20% of suburbs in Australia with an average of days on market 45.17 for properties listed there.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 6.74%, investors should hope to achieve an overall return of 3.65%