Caringbah suburb profile
Caringbah is a vibrant suburb located in the Sutherland Shire, about 24km south of Sydney's CBD. Known for its family-friendly atmosphere, it offers a mix of residential, commercial, and industrial areas. The suburb features a variety of amenities, including shopping centres, cafes, and parks, making it a convenient place to live. Caringbah is well-served by public transport, with a train station providing easy access to the city and surrounding areas. Its proximity to Cronulla Beach and the Royal National Park adds to its appeal, offering residents a balanced lifestyle of urban convenience and natural beauty.
Caringbah property market performance
Caringbah’s property market has experienced robust growth over the past 12 months, with house values increasing by 13.1% and unit values rising by 12.5%. The median house price has reached $1.95 million, while units have averaged $889,250, indicating strong demand across both property types.
Sales activity has been active, with 18 houses and 48 units sold in the past three months. Units are selling faster than houses, with a median of 23 days on the market compared to 38 days for houses, suggesting a higher demand for units.
In the rental market, house rents have remained stable over the last 12 months, while unit rents have increased by 8.3%, reflecting a growing interest in rental units in Caringbah.
Median price - houses$1.95MPast 3 months
Median price - units$889KPast 3 months
Change in value - houses13.1%12 months
Change in value - units12.5%12 months
Houses sold18Past 3 months
Units sold48Past 3 months
Median DOM - houses38Past 12 months
Median DOM - units23Past 12 months
Average rent - houses$750Past 12 months
Average rent - units$650Past 12 months
Change in rent - housesN/APast 12 months
Change in rent - units8.3%Past 12 months
Caringbah demographics
Caringbah, located in the Sutherland Shire of Sydney, is a suburb that offers a blend of suburban tranquility and urban convenience. With a population of 12,575 and a median age of 37, it attracts a diverse range of residents, including families, professionals, and retirees. The suburb's proximity to beaches, parks, and shopping centers makes it an appealing choice for those seeking a balanced lifestyle.
The family-oriented nature of Caringbah is evident, with 43.4% of households being couple families with children and 36.8% being couple families without children. This indicates a strong community focus, with many families choosing to settle in the area due to its family-friendly amenities and schools. Additionally, 18.3% of households are one-parent families, reflecting the suburb's inclusivity and support for diverse family structures.
In terms of property ownership, Caringbah presents a mix of stability and flexibility. A significant portion of residents, 26.7%, own their homes outright, while 34.4% have a mortgage. The rental market is also robust, with 38.9% of properties being rented, catering to those who prefer renting or are new to the area. The median total household income of $1,890 per week suggests a comfortable standard of living, making Caringbah an attractive option for those looking to enjoy the benefits of suburban life while remaining connected to the broader Sydney region.
Caringbah infrastructure, key developments and investment opportunities
Caringbah is undergoing several developments that may impact its property market. The Sutherland Hospital is in the midst of a $81 million redevelopment project, expanding emergency and critical care services. This major upgrade is expected to enhance healthcare access and potentially boost property values in the surrounding area. Additionally, plans have been approved for a new mixed-use development on Kingsway, featuring retail spaces and apartments, which aims to revitalize the local commercial precinct.
Infrastructure improvements include ongoing upgrades to Caringbah train station to improve accessibility and commuter facilities. The nearby Cronulla Plaza redevelopment project, though not in Caringbah itself, is likely to have positive spillover effects for the suburb by enhancing retail and dining options in the area. These developments collectively aim to improve livability and are expected to sustain demand for properties in Caringbah.
Caringbah rental market trends
The rental market in Caringbah has shown stability for houses, with rents remaining unchanged at $750 per week over the past year. In contrast, unit rents have experienced an 8.3% increase, reaching $650 per week. This growth in unit rents highlights a rising demand for more affordable living options in this well-connected suburb, making it an attractive choice for renters seeking value and convenience.
Suburbs near Caringbah
Some popular suburbs near Caringbah include: