Caringal is a sparsely populated locality in Victoria within the Baw Baw local government area (postcode 3825). With a population of 16, the suburb has a more retirement-aged population with a median age of 64. Households earn a median income of $23K per year, with an average household size of 1.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The top ancestries reported are Australian, Italian, Scottish.
The current median weekly rent is $525. The median monthly mortgage repayment is $1,300.
The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
From an investment perspective, Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.