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