Caringbah South (postcode 2229) is a settled mid-to-large suburb in New South Wales within the Sutherland Shire local government area. The area has roughly 13,168 residents and a settled mid-life population, with a median age of 42. Households earn a median income of $141K per year, with an average household size of 2.9 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 construction and healthcare. The top ancestries reported are English, Australian, Irish.
Caringbah South has a median house price of $2.4 million, which has dipped slightly by 1.2% year-on-year. Units have a median price of $1.7 million (-5.9% YoY). The current median weekly rent is $865. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,380.
Public transport access includes 58 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.9% (low yield). Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.0x is considered stretched. House prices have moved -1.2% year-on-year.