Question 1

Is Cabarita a nice place to live?

Accepted Answer

Cabarita sits on the southern shore of the Parramatta River in the City of Canada Bay and is centred on its riverfront reserves, notably Cabarita Park, and the ferry wharf. Foreshore parklands, picnic lawns and walking and cycling paths shape public life, with apartment blocks along the waterfront and single-storey cottages and newer townhouses inland. A small village shopping strip and local buses cover everyday needs, and residents value the outdoor, waterside lifestyle and straightforward ferry and road connections.

About 1,933 people live in Cabarita; the median age is 50 and the median household income is $2,695 a week, roughly $140,000 a year. Homes are mostly owner-occupied, with 81.5% owned outright or with a mortgage, and household types are dominated by couple families both without and with children. The council is consulting on a draft masterplan for Cabarita Park, the park playground has received accessibility upgrades and new play equipment, and the wharf has been rebuilt with improved landside parking, landscaping and accessibility. If you prioritise river access, outdoor space and a largely owner-occupied community, Cabarita may suit you.

Question 2

Is it expensive to live in Cabarita?

Accepted Answer

Renting in Cabarita 2137 would take a large share of what a typical local household earned at the last Census. House rents averaging $1,648 a week are about 61% of the median household weekly income recorded at the last Census ($2,695 a week), and unit rents around $1,350 a week are about 50% of that weekly household income.

On these figures, rent would occupy a substantial portion of a typical local household's income; if you are looking to rent here these are the numbers that matter and whether they feel expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Cabarita a good place to invest?

Accepted Answer

Unit rents in Cabarita climbed 12.5% over the past 12 months, a strong rise in the rental income units are generating. Median house values, by contrast, edged down 1.9% over the same period, a slight decline in house capital values.

If rental income is your priority, the unit rent growth is the standout figure; if capital growth in houses matters more, the figures show a small fall over the year. Whether that fits your goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-1.9%	N/A
Sold Past 3 months	6	2
Median days on market Past 12 months	47	N/A
Average rent Past 12 months	$1648	$1350
Change in rent Past 12 months	N/A	12.5%

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