Suburb Profile Report for Caringbah NSW (2229)

Caringbah House: Median price $1,355,000, Annual capital growth 8.99%, Number of sales 94, Weekly median advertised rent $670

Caringbah Unit: Median price $668,000, Annual capital growth 6.70%, Number of sales 311, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$1,355,000 $668,000
4.23% -0.30%
23.18% 4.88%
8.99% 6.70%
$670 $490
94 311
2.57% 3.81%
51.96 40.56

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 10955
Median household income ($/weekly) 1317
Median age of persons 37
Median housing loan repayment ($/monthly) 2253
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1162 10.6
    25-34 years 1894 17.3
    35-44 years 1718 15.7
    45-54 years 1322 12.1
    55-64 years 1138 10.4
    Others 3721 34.0
    Age Group
    Census Count Percent(%)
    Not Married 3816 46.6
    Registered Married 3508 42.8
    Defacto Relationship 866 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8252 79.8
    Croatia 113 1.1
    Papua New Guinea 314 3.0
    United Kingdom 502 4.9
    Other 353 3.4
    Others 812 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 144 1.4
    Christianity 7857 78.0
    Hinduism 58 0.6
    Islam 84 0.8
    No Religion 1885 18.7
    Others 41 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 348 8.4
    $600-$799 355 8.5
    $1,500-$1,999 555 13.3
    $2,000-$2,499 419 10.1
    $2,500-$2,999 390 9.4
    Others 2092 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3805 44.8
    Not in the labour force 2580 30.4
    Employed, worked part-time 1552 18.3
    Employed, away from work 308 3.6
    Unemployed, looking for work 247 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 697 12.3
    Professionals 1205 21.3
    Technicians & trades workers 842 14.9
    Community & personal service workers 629 11.1
    Clerical & administrative workers 1002 17.7
    Others 1292 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 224 10.3
    Infants/Primary 777 35.7
    Secondary 473 21.7
    Technical or Further Educational Institution 264 12.1
    University or other Tertiary Institutions 373 17.1
    Others 65 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4476 43.5
    Flat, unit or apartment 3269 31.8
    Semi-detached, row or terrace house, townhouse 2527 24.6
    House or flat attached to a shop, office 13 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1597 35.8
    Being purchased 1479 33.2
    Fully owned 1366 30.6
    Other tenure type 17 0.4
    Tenure Type
Census 2011, ABS
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