Suburb Profile Report for Caringbah NSW (2229)

Caringbah House: Median price $1,175,000, Annual capital growth 7.13%, Number of sales 76, Weekly median advertised rent $690

Caringbah Unit: Median price $680,000, Annual capital growth 6.63%, Number of sales 236, Weekly median advertised rent $510

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. 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, 2229 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -15.47%.

The five-year average increase in median property values for Caringbah,2229 has given property investors a potential capital gain of 29.83% across each of those five years.

Sellers are offering property buyers an average discount of -8.91% to buyers in Caringbah at the moment, which is less than average for the rest of NSW.

Residents and property investors in Caringbah have been waiting around 93.8636 days to sell a property.

Renters in Suburb are facing rents around $35880 per annum or $690 every week.

Caringbah is an average performer in NSW when comparing median price capital growth over the last year. Caringbah gave property investors a average capital gain figure when compared to the rest of the state, with -4.23%.

If we look at median property appreciation over just the last three months, Caringbah has given property investors a paper return of -4.23%. This puts Suburb as 398 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Caringbah is giving property investors an average Vendor Discount of around -8.10%. This puts suburb at number 86th in NSW when ranking the most discounted suburbs.

In the last year 236 properties changed hands in Caringbah, which puts it as the 16th most active market in NSW when comparing the number of sales per suburb.

Caringbah is 317th on a list of best yielding suburbs for rents in NSW with a 3.90% return

Metrics i HOUSE UNIT
$1,175,000 $680,000
-1.26% -4.23%
-15.47% -4.23%
7.13% 6.63%
$690 $510
76 236
3.01% 3.90%
93.8636363636364 77.9588235294118

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (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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