If you compare the increase in value of investment property in Caringbah South, 2229 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.95%.
A 22.27% growth in median value for property investors in Caringbah South,2229 puts this suburb at number 402th in terms of best performing suburbs in NSW
At number 217th of NSW’s most discounted properties, Caringbah South is in the bottom 30% of the state/territory when listing in order of most discounted to least.
In the last year 163 properties changed hands in Caringbah South, which puts it as the 84th most active market in NSW when comparing the number of sales per suburb.
A $900 per week rent on the median house gives suburb investors a gross yield of circa 2.99%, without taking into account capital value appreciation, which has been averaging out at 5.98%.
At number 1320th in the list of Australian suburbs ordered by increase in median house value over the last year, Caringbah South, 2229 is in the BOTTOM 20% with a property value increase of -10.77% recorded in median house prices.
The five-year average increase in median property values for Caringbah South,2229 has given property investors a potential capital gain of 30.34% across each of those five years.
Vendor discounting in Caringbah South is giving property investors an average Vendor Discount of around -6.70%. This puts suburb at number 104th in NSW when ranking the most discounted suburbs.
At number 1294 in a list of fastest selling suburbs, Caringbah South is in the bottom 10% of suburbs in Australia with an average of days on market 124.488 for properties listed there.
Using the current median advertised rental of $775 and the average annual increase in value of a median property of 7.05%, investors should hope to achieve an overall return of 3.47%