Suburb Profile Report for Caringbah South NSW (2229)

Caringbah South House: Median price $1,565,000, Annual capital growth 5.98%, Number of sales 163, Weekly median advertised rent $900

Caringbah South Unit: Median price $1,160,000, Annual capital growth 7.05%, Number of sales 94, Weekly median advertised rent $775

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,565,000 $1,160,000
2.76% 2.65%
-0.95% -10.77%
5.98% 7.05%
$900 $775
163 94
2.99% 3.47%
69.4868421052632 124.487804878049

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 11605
Median household income ($/weekly) 1803
Median age of persons 41
Median housing loan repayment ($/monthly) 2800
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1650 14.2
    25-34 years 969 8.3
    35-44 years 1570 13.5
    45-54 years 1733 14.9
    55-64 years 1504 13.0
    Others 4180 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 5220 59.7
    Not Married 3085 35.3
    Defacto Relationship 442 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 9783 86.7
    Japan 60 0.5
    Papua New Guinea 115 1.0
    United Kingdom 488 4.3
    Other 207 1.8
    Others 626 5.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 86 0.8
    Christianity 9216 83.5
    Hinduism 19 0.2
    Islam 44 0.4
    No Religion 1647 14.9
    Others 25 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 361 10.5
    $2,000-$2,499 358 10.4
    $2,500-$2,999 425 12.4
    $3,000-$3,499 310 9.0
    $4,000 or more 312 9.1
    Others 1670 48.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3482 38.6
    Not in the labour force 2990 33.2
    Employed, worked part-time 2042 22.7
    Employed, away from work 308 3.4
    Unemployed, looking for work 193 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 984 16.9
    Professionals 1359 23.3
    Technicians & trades workers 742 12.7
    Clerical & administrative workers 1024 17.6
    Sales 651 11.2
    Others 1074 18.4
    Occupation
    Census Count Percent(%)
    Pre-school 261 8.7
    Infants/Primary 1089 36.4
    Secondary 871 29.1
    Technical or Further Educational Institution 232 7.7
    University or other Tertiary Institutions 486 16.2
    Others 55 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9994 89.4
    Semi-detached, row or terrace house, townhouse 1119 10.0
    Flat, unit or apartment 57 0.5
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1945 50.2
    Being purchased 1494 38.5
    Rented 428 11.0
    Other tenure type 9 0.2
    Tenure Type
Census 2011, ABS
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