Suburb Profile Report for Caringbah NSW (2229)

Caringbah House: Median price $1,210,000, Annual capital growth 7.11%, Number of sales 93, Weekly median advertised rent $680

Caringbah Unit: Median price $700,000, Annual capital growth 6.32%, Number of sales 270, Weekly median advertised rent $520

  • 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

Investment property in Caringbah has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.42%

While Caringbah,2229 ranked number 650th in NSW for increase in median house value (annualised) increase, it is ranked 812th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Caringbah is offering property investors an average of -6.70. This rate of discount on properties puts Suburb at number 186th in terms of most discounted suburbs in NSW

Caringbah, 2229’s gross rental yield is 2.92%

Caringbah has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.10% to date .

Caringbah,2229 was ranked 864 in Australia by increase in median property value over the quarter.

Caringbah2229 is located in NSW which offers an average discount of -6.01% to property investors. Caringbah itself is showing figures that indicate -6.53% is the average achievable by property buyers investing in the suburb.

In the last year 270 properties changed hands in Caringbah, which puts it as the 23th most active market in NSW when comparing the number of sales per suburb.

Caringbah is 322th on a list of best yielding suburbs for rents in NSW with a 3.86% return

Metrics i HOUSE UNIT
$1,210,000 $700,000
1.26% 0.00%
-7.42% -2.10%
7.11% 6.32%
$680 $520
93 270
2.92% 3.86%
87.5531914893617 59.2515337423313

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 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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