Caringbah is a settled mid-to-large suburb in New South Wales within the Sutherland Shire local government area (postcode 2229). The area has roughly 12,575 residents and a mix of young professionals and families, with a median age of 37. Households earn a median income of $98K per year, with an average household size of 2.3 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Caringbah has a median house price of $1.9 million, which has dipped slightly by 2.2% year-on-year. Units have a median price of $1.0 million (+15.5% YoY). The current median weekly rent is $865. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,500.
Caringbah is served by 8 schools, including 4 primary, 3 secondary, 1 special. The average ICSEA score is 1094, which is above the national average of 1,000. Public transport access includes 62 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.4% (low yield). Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 19.3x is considered stretched. House prices have moved -2.2% year-on-year.