Suburb Profile Report for Caringbah NSW (2229)

Caringbah House: Median price $1,280,000, Annual capital growth 8.43%, Number of sales 87, Weekly median advertised rent $675

Caringbah Unit: Median price $697,500, Annual capital growth 6.74%, Number of sales 280, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$1,280,000 $697,500
11.50% 2.01%
16.36% 10.71%
8.43% 6.74%
$675 $490
87 280
2.74% 3.65%
54.76 45.17

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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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